Business resumption index falls – The Economic Times

The Nomura India Business Resumption Index (NIBRI) fell to 125.4 for the week ended April 3 from 125.9 the previous week and a record high of 126.2, 25.4 percentage points (pp) above its pre-pandemic level.

As Covid-19 becomes endemic, mobility has increased rapidly, with a rebound in high-contact activities.

“However, there are headwinds from higher fuel prices, with a broader rise in inflationary pressures weighing on demand, as was the case with auto sales in March,” Nomura said in a statement Monday.

Disrupted global supply chains and weaker global growth prospects due to the Russia-Ukraine war also weighed on the recovery, it said.

The Apple Driving Index posted a surprise 22.5pp decline from the previous week, while the Google Workplace and Retail & Recreation indices rose 13.1pp and 2.6pp, respectively. Business resumption index falls – The Economic Times

Russell Falcon

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