Home / Economy / Economy shows slight dip in June as base effect begins to fade: Mint macro tracker

Economy shows slight dip in June as base effect begins to fade: Mint macro tracker

1 min read . Updated: 28 Jul 2022, 08:04 PM IST Tanay Sukumar

As of June, seven of the 16 indicators were in green and nine in red—an improvement from six months ago

Listen to this article

Launched in October 2018, Mint’s macro tracker provides a monthly comprehensive report on the state of the economy, based on trends in 16 high-frequency indicators. For each indicator, the value in each month is assigned a colour-coding (red, amber and green) to denote where it lies relative to the five-year average (worse, in line, or better). As of June, seven of the 16 indicators were in green and nine in red—an improvement from six months ago.

However, this was a slight deterioration since May, when eight indicators had been in green. The dip can be attributed to a fading of base effect that had bumped up numbers in May.

Here’s a glimpse of how each indicator fared.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.