QuantEco's DART (Daily Activity and Recovery Tracker) Index for week ending 7th Nov-21 fell to 112.2 as festive holidays weighed on economic activity, on balance.
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Nov 10, 2021
QuantEco DART Index Economic activity slips on holiday seasonality
The latest DART reading has been besieged by holiday-related seasonality, though working in opposing direction on the sub-indicators. In addition, the index is likely to undergo a revision on account of E-way bills data for week ending 7th Nov-21 (which is awaited). As such, we ‘look-through’ this reading. Having said so, forthcoming values for Nov-21 will remain crucial as domestic festive season nears an end while lockdown restrictions continue to get diluted and progress on vaccinations catapults demand for services.