Business activity at highest levels since pandemic began as more people go to work: Report
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 the announcement of the lockdowns in March 2020, came at 114 for the seven days ended Sunday, up from 110.3 in the prior week.
Google workplace mobility rose sharply by 18.1 pp, while retail and recreation fell by 3.3 pp and the Apple driving index rose by 3.6 pp, the Japanese brokerage said.
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