From PMI to auto sales, August numbers send mixed signals on recovery
E-way bills, after showing an uptrend since April, stagnated in August
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Goods and services tax collections also stagnated in August
Key indicators of economic activity, including PMI, auto sales and digital transactions, show that growth is rebounding to pre-Covid levels. However, e-way bills, after showing an uptrend since April, stagnated in August. So did goods and services tax collections.