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Do mobility indices show stronger-than-expected consumption revival in Q2?

Apple Driving Index nearly caught up with Google Mobility Index for grocery mid August, further showing that Q2 GDP growth might not be as bad as expected


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Abhishek Waghmare Pune
Economic activity in India is improving gradually, as many high-frequency indicators, such as diesel and power consumption, rail freight and mobility suggest. The uptick in activity, guided till now by an improving Covid-19 situation, has prompted observers such as Moody’s Investors Service and State Bank of India to infer that economic growth in the July-September quarter wouldn't be as bad as expected.

A novel way of looking at the revival--that of comparing two different mobility indices--points to a similar conclusion. The two indicators are Apple Driving Index, which is essentially composed of Apple iPhone users moving out in cars, and

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First Published: Nov 25 2020 | 4:39 PM IST

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