Merisis Wealth Monthly Outlook - August 2024 📊

In recent months, the economic outlook has been mixed with notable shifts across various indicators. Inflation, as measured by the CPI, has risen to 5.08% YoY in June 2024, while the WPI also increased to 3.36% YoY. The industrial sector showed strength with IIP growth accelerating to 5.90% YoY in May 2024, though GDP growth slowed to 7.80% YoY by March 2024. Credit growth has softened to 14.00% YoY in July 2024, and export growth lagged at 2.56% YoY in June 2024. The trade balance improved to a deficit of $20.98 billion in June, and FII flows were positive at ₹32,365 crore in July. Gold prices rose to $2,448.10 per ounce, while the US 10-year bond yield fell to 4.1%. This combination of inflationary pressures, varied growth rates, and fluctuating financial metrics paints a complex picture of the market landscape.