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Business News/ Economy / High-frequency indicators showed mild deterioration in October despite festive demand
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High-frequency indicators showed mild deterioration in October despite festive demand

As of October, 10 of the 16 indicators were in red and four were in green —a deterioration from six months ago.

Festive demand failed to prop up the economy in October, indicating an imminent economic slowdown (Photo: Mint)Premium
Festive demand failed to prop up the economy in October, indicating an imminent economic slowdown (Photo: Mint)

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 October, ten of the 16 indicators were in red, two in amber, and four in green—a deterioration from six months ago, when eight indicators were in green. Festive demand failed to prop up the economy in October, indicating an imminent economic slowdown.

Here’s a glimpse of how each indicator fared.

Mint Macro Tracker
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Mint Macro Tracker

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ABOUT THE AUTHOR
Manjul Paul
Manjul Paul is a data journalist who covers data driven stories for Mint. Her passions include numbers, and conducting in-depth data research. She enjoys transforming raw data into compelling stories. While she has covered a variety of beats in her journalism career, she is most passionate about exploring and reporting on climate change.
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Published: 28 Nov 2022, 07:54 PM IST
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