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Private consumption finally moderating..
10-Jun-2019

The official GDP statistics indicate that real private consumption expenditure (PCE) grew 7.2% YoY in 4QFY19 and 8.1%in FY19,  better than the 7.4% growth in FY18 and close to the highest growth in seven years. In nominal terms too, PCE growth of 12% was close to the highest level in six years -  a trend similar to that shown by listed FMCG companies.While these numbers don’t suggest any slowdown in PCE, monthly leading indicators paint a very different picture