Our proprietary DART (Daily Activity and Recovery Tracker) Index continues to underpin economic recovery now in its seventh consecutive week of expansion, with momentum continuing to slow.
Download ReportQuantEco DART Index Tapering economic activity
Our proprietary DART (Daily Activity and Recovery Tracker) Index continues to underpin economic recovery now in its seventh consecutive week of expansion, with momentum continuing to slow. For the week ending 4th Jul-21, the index climbed to 92.9 from 88.3 previously, to record a tepid WoW rise of 5.2% - the slowest in past six weeks compared to upwardly revised 6.0% in the previous week.
After a burst of economic recovery in early part of Jun-21, the sobered down pace of incremental improvement has continued into the month of Jul-21. Successive DART readings may exhibit a levelling off recovery in Q2 FY22 amidst impending threat of virus variants and consumption especially on discretionary goods and services seeing a drawn out recovery. The trifecta of – 1) job/income losses & higher healthcare expenses 2) conscious build up of precautionary savings and 3) elevated inflation/inflation expectations, will have a marked role to play on near term consumption. Notwithstanding the average daily pace of vaccinations slipping last week, acceleration in the pace of vaccinations in Q2 will set the stage for a stronger sequential growth rebound from Q3 FY22 onwards.