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Data● Neutral for Indian equities
New data points to a sharper divide in consumption trends in rural, urban India
The brief
- Urban households’ quarterly expenditure is declining, while rural spending is increasing
- Rural-focused FMCG firms may benefit, while urban-facing consumer companies could see weaker demand
- Weak monsoon weighs on rural demand; September tractor sales fall at M&M and Escorts Kubota
- Nifty FMCG falls 6% in six months. Can festive demand trigger a recovery? | Marico, HUL, Tata Consumer among top picks
- Crisil lifts India FY27 growth forecast to 7% on strong H1 momentum
- US core PCE inflation undershoots estimates as Q2 GDP growth is revised to 2.2%
- US PCE inflation rises 0.3% in August as consumer spending surges