QuantEco's DART (Daily Activity and Recovery Tracker) Index for the week ending 3rd Apr-22 slipped from a record high of 131.7 to 126.0
Download ReportDART Index- Economic activity slips at the turn of the fiscal year
QuantEco’s DART (Daily Activity and Recovery Tracker) Index for the week ending 3rd Apr-22 slipped from a record high of 131.7 to 126.0. On a WoW basis, this translated into a fall of 3.8% compared to an expansion of an almost equal magnitude in the week prior. At a granular level, the pullback was driven by Rail Passenger Traffic (likely post Holi fatigue), Apple Mobility along with Online Restaurant Searches (possibly replaced by physical visits). Most of the sub-indicators registered a moderation in the week, with the exception of Electricity Generation, Employment and Google mobility for Grocery and Pharma which rose to a record high. At the headline level, underscoring the ongoing recovery, DART index now stands ~6% above the pre-Omicron peak (week ending 26th Dec-21)