Finance & Economy | News & Insights

CareEdge Economic Meter – August 2024

Published: September 4, 2024
Author: TEXTILE VALUE CHAIN

Highlights:

  • CEM expanded by 9.4% y-o-y in July higher than 1.9% growth witnessed last month. However, the CEM witnessed a sequential moderation in July.
  • Out of 16 high-frequency indicators used in CEM calculation, 13 witnessed an annual growth in July.
  • Debt issuances, E-way bill and petroleum consumption aided in CEM’s performance; while slowing PMI services, contracting PV sales, and slowing credit growth hindered the performance.

CareEdge_Economic_Meter_-_August_2024

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