Data discoveries of the week, presented in charts. We look at data on India’s impressive gst collection, global economic challenges in 2024, price of an Indian thali, global warming and more.
- M-o-M growth of UPI transactions for 2023. ?
UPI transactions hit record high in 2023 as the number of transactions reached 12.02 billion in December and value ₹18.23 trillion.
A look at M-o-M growth of UPI transactions for 2023.?#ChartOfTheDay pic.twitter.com/2blB3oG7d7
— Kuvera (@Kuvera_In) January 19, 2024
2. Confirming preliminary reports, NOAA announced last week that 2023 was indeed the hottest year on record since 1850.?
Confirming earlier, preliminary reports, the National Oceanic and Atmospheric Administration (NOAA) announced last week that 2023 was in fact the warmest year on record (since 1850). pic.twitter.com/LtEwBAGIgw
— Statista (@StatistaCharts) January 19, 2024
3. Based on an analysis by Crisil, in Dec, the average cost of a homemade non-vegetarian and vegetarian thali dropped by 4.6% and 2.6% to ₹57.6 and ₹29.7 respectively.
The monthly change in the average cost of preparing a thali at home reflects the impact on the common man’s expenditure. 3/3
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-fin- pic.twitter.com/tCFUM9S7vs
— Kuvera (@Kuvera_In) January 18, 2024
4. The ‘Magnificent Seven’ stocks reach $11.7 trillion in value, rivaling the combined size of the UK, Japan, and Canada.
The 'Magnificent Seven' stocks reach $11.7 trillion in value, rivaling the combined size of the UK, Japan, and Canada's stock markets. #ChartOfTheDay pic.twitter.com/QgvoDbIKYb
— Kuvera (@Kuvera_In) January 17, 2024
5. State-wise registration of G.I application.
Visualization of Geographical Indications (GI) Tags registered by Ministry of Commerce & Industry, Government of India.
Tamil Nadu (11.13%) has most registered GI Tags, Most GI Tags are registered under Handicraft (51.70%) category.
Data Source: https://t.co/duiLCgHBFp#GITags pic.twitter.com/JzSCC7dQib
— M.S.Rajput (@Im_Manpreet) January 9, 2024
6. A key Chinese price measure saw its longest decline since 1999, reflecting deflationary pressures in the second-largest global economy.
A Chinese measure of economy-wide prices marked its longest slide since 1999, underscoring deep deflationary pressures that are weighing on the world’s second-largest economy https://t.co/CMbBU2ZUv6 pic.twitter.com/s6oREMHwF8
— Bloomberg (@business) January 17, 2024
7. Historically, when banks have raised their lending standards to businesses, the unemployment rate has never been far behind.
This is not a signal to be overlooked
Banks have significantly tightened lending standards
Tighter lending standards have been followed by an increase in the unemployment rate since 1990
Buckle up pic.twitter.com/fCwviCcJ68
— Game of Trades (@GameofTrades_) January 18, 2024
8. Major smartphone brands all have a larger market share in their home country.
#Samsung, #Apple, #Huawei and #Xiaomi are among the largest smartphone manufacturers in the world, together reaching a global market share of more than 50 percent. While these brands are bought and used all over the world, they have still retained certain home turf advantages. pic.twitter.com/SmUG41CItJ
— Statista (@StatistaCharts) January 18, 2024
9. ?
Apart from exogenous factors like the #MiddleEast, which should not be underestimated, I think the #disinflation narrative is alive and well.#inflation pic.twitter.com/yFBAMojprp
— jeroen blokland (@jsblokland) January 19, 2024
10. A worrisome development where interest payments are ballooning into one of the US’s most substantial expenditures.
As we kick off 2024, the US has already added another ~$200 billion in Federal debt over the last 3 weeks.
This puts annual interest expense on track to hit $1.05 trillion.
To put this in perspective, annual interest expense was less than $500 billion just TWO YEARS ago.
As… pic.twitter.com/sQc0WY0pa5
— The Kobeissi Letter (@KobeissiLetter) January 18, 2024
11. This is concerning because the European Union is one of India’s major export markets.
What happens when the 2 biggest global trade chokepoints rapidly halve their combined capacity? pic.twitter.com/9ID9LvJ5Bc
— Bob Elliott (@BobEUnlimited) January 18, 2024
12. It’s evident that the building permit trend is on the upswing, as the year-over-year change has rebounded into positive territory after a challenging period, similar to what we saw during the Global Financial Crisis.
Trend in building permits looks to be exiting recession territory … year/year % change (orange) has popped back firmly into positive territory, exiting worst decline since GFC pic.twitter.com/K0wfoJi3gD
— Liz Ann Sonders (@LizAnnSonders) January 19, 2024
13. The S&P 500’s gains in the past year were primarily driven by a rise in valuations rather than substantial earnings growth.
Almost all of the S&P 500's gains last year were due to a multiple expansion.
Investors were willing to place a higher valuation on an almost imperceptible rise in earnings. They assume that earnings this year will justify the increase in valuations.
After similar… pic.twitter.com/Txao3su5n4
— SentimenTrader (@sentimentrader) January 18, 2024
14. Equities tend to rally after the Fed starts to cut.
Equities tend to rally after the Fed starts to cut… pic.twitter.com/gwCisSkM2z
— Mike Zaccardi, CFA, CMT ? (@MikeZaccardi) January 18, 2024
15. The Red Sea disruption has affected the transit volumes across the Suez Canal.
Red Sea transit disruptions are increasingly impacting international trade flows. Transit volumes across the Suez Canal are down by an estimated 37% y/y this year through Jan 16, according to the IMF’s PortWatch platform. https://t.co/sNX0nfsyK0 pic.twitter.com/P77KaZT4vO
— IMF (@IMFNews) January 19, 2024
16. The ever-increasing US federal dept.??
Total US debt just broke above $34 trillion which means US debt is now up:
1. $1 trillion in the past 3 months
2. $2 trillion in the past 6 months
3. $4 trillion in the past 2 years
4. $11 trillion in the past 4 yearsThat's a massive ~50% jump in US debt since the pandemic.… pic.twitter.com/XpAVvJ3hNN
— The Kobeissi Letter (@KobeissiLetter) January 18, 2024
17. Manufacturing PMI heatmap for key markets.?
Manufacturing PMI heatmap for key markets. European industry getting battered. pic.twitter.com/tkNA7jgmwf
— Longview Economics (@Lvieweconomics) January 9, 2024
18. Passive funds for the win.
It’s Official: Passive Funds Overtake Active Funds https://t.co/MpxUzzbJVY pic.twitter.com/kyC1ZKH9Sn
— Jesse Felder (@jessefelder) January 19, 2024
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