Business activity at highest levels since pandemic began as more people go to work: Report

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An increase in driving to workplace resulted in the overall business activity surging to an all-time high of 14 percentage points (pp) higher than the pre-pandemic levels last week, a report said on Monday. The weekly Nomura India Business Resumption Index (NIBRI), which compares activity in a particular week with the last week prior to … Read more

India’s business resumption hits record high: Nomura

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The Nomura India Business Resumption Index (NIBRI) for the week ending August 8 rose to a record 99.4 amid a decline in Covid-19 cases, suggesting continued swifter-than-expected recovery from the second wave slump, the Japanese financial holding company said Monday, citing a rise in power consumption and improved mobility. “The Nomura India Business Resumption Index … Read more

India’s weekly business activity falls after two months: Nomura

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There was a slight weekly wobble in business resumption activity last week and the Nomura India Business Resumption Index (NIBRI) registered its first weekly fall in over two months, the Japanese brokerage said in a report on Monday. The NIBRI fell to 95.3 for the week ending July 25 from the recent high of 96.4 … Read more

Business activity back to pre-2nd wave levels of March 2021: Report

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Business activity has climbed back to the pre-second wave levels with the seventh consecutive week of surge in levels as new coronavirus infection cases decrease, a Japanese brokerage said on Monday. The Nomura India Business Resumption Index (NIBRI) accelerated to 95.7 for the week ending Sunday, from 91.0 the previous week, it said, adding that … Read more

Impact of India’s second Covid-19 wave showing on mobility and non-mobility sectors: Nomura

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Both mobility and non-mobility sectors of the Indian economy were reflecting the impact of the second wave of Covid-19 and the ensuing lockdowns as business activity continued to plunge further in May, said Japanese brokerage Nomura. The Nomura India Business Resumption Index (NIBRI) fell to 60 for the week ended May 23, down from 63 … Read more

Business index at post-lockdown high but beware of ‘faux recovery’: Nomura

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MUMBAI: Financial services company Nomura on Monday cautioned about a ‘faux recovery’ being reflected by various indicators which is limited to festive consumption even as the Nomura India Business Resumption Index (NIBRI) picked up sharply to a post-lockdown high of 82.2 for the week ending 18 October versus 80.8 in the previous week led by … Read more

Pace of economic recovery appears to be gathering momentum in August: Nomura

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The economy sustained an increasing pace of recovery through August so far after a prolonged period of plateauing trends in July, according to a Nomura note on Monday. The Nomura India Business Resumption Index (NIBRI) inched up to 73.7 for the week ending August 16, over the previous week’s reading of 72.3. This came after … Read more