Economic data indicators for this week

India

• India’s infrastructure output expanded by 1.7% from the previous year in June of 2025, picking up from the upwardly revised 1.2% in the last month to extend the acceleration since growth slowed to an eight-month low of 1% in April.
• The HSBC India Manufacturing PMI climbed to 59.2 in July 2025 from 58.4 in the previous month, according to preliminary estimates. The Services PMI declined to 59.8 in July 2025, from 60.4 in the last month.
• Foreign Exchange Reserves in India decreased to$ 695.4 billion in the week ending on July 18 from $696.6 billion in the previous week.

US

• US existing-home sales fell 2.7% from the previous month to a seasonally adjusted annual rate of 3.93 million units in June 2025, down from 4.04 million in May.
• Building permits in the United States decreased by 0.1% to a seasonally adjusted annualised rate of 1.393 million in June 2025, revised down from a preliminary estimate of 1.397 million.
• The S&P Global US Manufacturing PMI fell to 49.5 in July 2025, down from June’s 37-month high and well below market expectations of 52.6. Services PMI jumped to 55.2 in July of 2025 from 52.9 in the previous month.
• Sales of new single-family homes in the United States rose 0.6% in June 2025 to a seasonally adjusted annualised rate of 627,000 units, slightly up from May’s seven-month low of 623,000.

UK

• The GfK Consumer Confidence Index for the UK edged down to -19 in July 2025 from -18 in June, slipping from a six-month high as households grew increasingly cautious amid rising concerns over taxes and inflation.

Eurozone

• The Euro Area consumer confidence indicator rose by 0.6 to -14.7 in July 2025 from -15.3 in June and beat market expectations of -15, according to a preliminary estimate.

Japan

• The S&P Global Japan Manufacturing PMI unexpectedly dropped to 48.8 in July 2025 from June’s final reading of 50.1, which marked the first time in 13 months that the index exceeded the 50.0 threshold. Services PMI rose to 53.5 in July 2025 from a final 51.7 in the previous month, preliminary data showed.

China

• The People’s Bank of China (PBoC) kept the five-year loan prime rate (LPR) unchanged at a record low of 3.5% for the second consecutive month. The one-year LPR was held steady at 3.0%.

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Source: HDFC Securities Prime Research