scorecardresearch

Data Drive: Mobility up, auto down

While reopening has boosted services such as domestic airline travel and cargo traffic, vehicle registrations, an important indicator for economic growth,was 0.83 million during March 1-17, 50% of the year-ago levels, indicating subdued demand.

Data Drive: Mobility up, auto down
According to analysts, the continuous reduction in grammage and price increases could cost FMCG companies some customers.

With the fall in active Covid cases and widening spread of vaccination, mobility for work and retail stores/recreation across the country is growing. The Nomura India Business Resumption Index rose to a record high of 126.4 for the week ending March 26,.4 percentage points above pre-pandemic levels. While reopening has boosted services such as domestic airline travel and cargo traffic, vehicle registrations, an important indicator for economic growth,was 0.83 million during March 1-17, 50% of the year-ago levels, indicating subdued demand.

Get live Share Market updates and latest India News and business news on Financial Express. Download Financial Express App for latest business news.

First published on: 23-03-2022 at 06:40:00 am