Indian Economy Check - High Frequency Indicators Post Mixed Performance In August: ICRA
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICRA Research Report
The high frequency indicators posted an uneven performance in August 2021, especially when compared to the pre-Covid-19 level, as the temporary push provided by the easing of state-level restrictions petered out.
While the early trends for September 2021 are unconvincing, we are cautiously optimistic that rising confidence will boost demand in the festive season.
The YoY performance of eight of the 15 high frequency indicators weakened in August 2021 compared to July 2021, partly on account of the normalisation of the base.
Moreover, the output of passenger vehicles was constrained by the non availability of semi-conductors.
The YoY performance of the remaining seven indicators improved in August 2021, such as the output of Coal India Ltd., electricity, ports cargo traffic, goods and services tax e-way bills, non-oil exports, etc.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.