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

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

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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.

 

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ABOUT THE AUTHOR
Tanay Sukumar
Tanay leads Mint's data journalism team. His role involves editing and overseeing the newspaper's diverse data offerings, ranging from deep analytical pieces to bite-sized social media charts.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
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Published: 28 Jul 2022, 08:04 PM IST
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