India's industrial production up by 1.5% in June

Some Economic data indicators for this week: 

India

• India’s industrial production expanded by 1.5% from the previous year in June of 2025, picking up from the 1.2% increase in the previous month. Still, the growth was below expectations of a sharper 2% to mark the lowest industrial expansion since the stall in August 2024.
• Foreign Exchange Reserves in India increased to 698190 USD Million in July 25 from 695490 USD Million in the previous week.
• The HSBC India Manufacturing PMI was revised slightly lower to 59.1 in July 2025 from a preliminary estimate of 59.2, although it remained above June’s reading of 58.4. It marked the highest level since March 2024.

US

• The S&P CoreLogic Case-Shiller 20-City Home Price Index rose 2.8% year-over-year in May 2025, easing from a 3.4% increase in April and slightly below market expectations of a 3.0% gain.
• Pending Home Sales in the United States decreased 2.80 percent in June of 2025 over the same month in the previous year.
• The Fed held rates steady at 4.25%–4.50% for a fifth straight meeting, as expected, but two governors dissented in favor of a cut—the first such dual dissent since 1993.
• The US economy grew an annualized 3% in Q2 2025, rebounding from a 0.5% contraction in Q1, and beating expectations of a 2.4% rise, according to the advance estimate.
• Personal spending in the US increased 0.3% month-over-month in June 2025, rebounding from a flat reading in May but slightly below forecasts of 0.4%.
• The US unemployment rate rose slightly to 4.2% in July 2025 from 4.1% in June, aligning with market expectations. The number of unemployed increased by 221,000 to 7.236 million.
• The S&P Global US Manufacturing PMI was revised slightly higher to 49.8 in July 2025 from a preliminary estimate of 49.5, but it remained the lowest reading since December and continued to signal deteriorating operating conditions.
• The University of Michigan’s consumer sentiment index for the US came in at 61.7 in July 2025, largely unchanged from the preliminary reading of 61.8.
• Construction spending in the United States fell by 0.4% from the previous month to a seasonally adjusted annualized rate of $2.136 trillion in June of 2025, extending the revised 0.4% drop from the previous week.

Eurozone

• The GDP in the Euro Area expanded 1.4% year-on-year in the second quarter of 2025, slightly lower than 1.5% in Q1 but beating market expectations of 1.2%, according to the preliminary flash estimate.

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Source: HDFC Securities Prime Research