{"id":8818,"date":"2020-08-17T09:48:46","date_gmt":"2020-08-17T09:48:46","guid":{"rendered":"https:\/\/sunkrish.com\/?p=8818"},"modified":"2020-08-20T09:56:39","modified_gmt":"2020-08-20T09:56:39","slug":"pace-of-economic-recovery-appears-to-be-gathering-momentum-in-august-nomura","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2020\/08\/17\/pace-of-economic-recovery-appears-to-be-gathering-momentum-in-august-nomura\/","title":{"rendered":"Pace of economic recovery appears to be gathering momentum in August: Nomura"},"content":{"rendered":"
\"\"<\/a>
The Nomura India Business Resumption Index inched up to 73.7 for the week ending August 16, over the previous week\u2019s reading of 72.3. This came after the NIBRI, a weekly tracker of the pace at which economic activity normalises, stagnated at the 70-mark for three weeks through July.<\/em><\/figcaption><\/figure>\n

The economy sustained an increasing pace of recovery through August so far after a prolonged period of plateauing trends in July, according to a Nomura note on Monday.<\/p>\n\n\n

The Nomura India Business Resumption Index (NIBRI) inched up to 73.7 for the week ending August 16, over the previous week\u2019s reading of 72.3.

This came after the NIBRI, a weekly tracker of the pace at which economic activity normalises, stagnated at the 70 mark for three weeks through July.<\/p>\n\n\n\n

While this indicated an improved momentum in August over the moderation in July, the rising spread of infections continued to hinder recovery.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

\u201cNevertheless, the recovery is uneven, and the risk of reversal in momentum from a second wave of COVID-19 cases joining a \u2018rolling wave\u2019 in traditional safer states (in the south and the east) remains high,\u201d the note said.<\/p>\n\n\n\n

Mobility indicators such as the Google workplace and retail and recreation mobility data resumed an uptrend in August after a prolonged period of flat growth, Nomura said. <\/p>\n\n\n\n

However, this was still materially below pre-pandemic levels, it added.

There was a steady pick up in the labour participation rate 42.2% as against 40.6% in the previous week.

On the other hand, the unemployment rate showed a steady uptrend rising to 9.1% compared to the 8.2% recorded last week, which grew from 7.2% reported the week before that. <\/p>\n\n\n\n

The deterioration was spread both over rural and urban areas, the note said.

Power demand also showed a steady trend albeit in the opposite direction with a steep weekly contraction of 6.4% over the 0.8% contraction of the week earlier, it said.<\/p>\n\n\n

Source: Economic Times<\/a><\/p>","protected":false},"excerpt":{"rendered":"

The economy sustained an increasing pace of recovery through August so far after a prolonged period of plateauing trends in July, according to a Nomura note on Monday. The Nomura India Business Resumption Index (NIBRI) inched up to 73.7 for … Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4,493],"tags":[1013,305,709,342],"class_list":["post-8818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","tag-covid-19","tag-economy","tag-google","tag-nomura"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/8818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=8818"}],"version-history":[{"count":8,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/8818\/revisions"}],"predecessor-version":[{"id":8829,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/8818\/revisions\/8829"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3792"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=8818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=8818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=8818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}