“Deseasonalising” the impact of the goods and services tax (GST) launch last year will be a difficult task. Typically manufacturers cut back manufacturing in June and then pushed out massive volumes to dealers in July. There were also the usual glitches with moving to a totally new system, so sales glitches were seen across August-September.
As a result, sales data is skewed in both directions for several months due to unusual base effects. We will probably need to club data across a three or four month period - say, June-September - to get a clear sense of how manufacturing has
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