QuantEco's DART (Daily Activity and Recovery Tracker) Index for week ending 14th Nov-21 marked a revival in economic activity at a broad level post the holiday dominated previous week.
Download ReportQuantEco DART Index Economic activity revives post holiday season, but
High frequency indicators remain on close watch to gauge the direction of incremental economic activity in the month of Nov-21, which as of now remains unclear. This is critical as a combination of pent-up, revenge and festive demand had enabled a strong recovery in consumption over the months of Sep-Oct-21. In tandem, our DART index attained new highs each month from Aug-21 through Oct-21. The sustenance of this recovery here on needs to be assessed closely as – 1) Mobility reverts to pre-pandemic levels 2) Excess savings deplete and 3) Inflation expectations remain high.