Business activity continues uptrend in January after robust rebound in December: Nomura
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“Positive pandemic-related developments – both, on cases and vaccination – are helping clear the decks for a faster pace of economic normalisation,” the Japanese brokerage’s economists, Sonal Varma and Aurodeep Nandi said in a note on Monday.
Agencies
The uptick comes on the back of a solid and broad-based monthly rebound in activity in December, according to a report by rating agency ICRA released on the same day.
The uptrend in business activity continued into the new year with the Nomura India Business Resumption Index (NIBRI) inching up to 93.4 for the week ending 17 January from 93.2 the previous week.
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