Finance & Economy | News & Insights

CareEdge Economic Meter – February 2024

Published: February 21, 2024
Author: TEXTILE VALUE CHAIN

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.

CareEdge_Economic_Meter_-_February_2024

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