Macro Byte

IMF lowered global growth to 3 per cent, the lowest since 2008-2009. Its further revised by 0.3% but global growth expected to increase to 3.4%. US is going through a slowdown although labour market remains strong. Euro area economic and industrial sentiment are all time low in September this year. The PMI Composite Output Index decreased from 51.9 in August to 50.1 in September, the lowest level since April 2013. China saw its inflation surge to 3% y-0-y due to spike in pork prices by 69.3%.  In India the CPI (Consumer Price Index) hit 4% last month.

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