Highlights:
- CEM growth accelerated to a 3-month high of 6.4% in January.
- The index was nearly unchanged at 116.4 compared with 116.1 a month ago.
- 12 of the 18 high-frequency indicators used witnessed an annual growth which supported the index.
- Both manufacturing and services sector activities saw an uptick as reflected by PMI manufacturing and PMI services.
- Auto sales (PV sales and 2-3 wheeler sales) surged in January, however, tractor sales (proxy for rural demand) remained in contraction.
