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  • Fri. Nov 22nd, 2024

Contraction slows: On indications of economic recovery

Contraction slows: On indications of economic recovery



August 03, 2020 00: 02 IST.

Upgraded:.


August 03, 2020 00: 37 IST.



August 03, 2020 00: 02 IST.

Updated:.


August 03, 2020 00: 37 IST.

As lockdown restrictions ease, the economy sees the first signs of healing

Of the 7 markets that extended their contractions, only coal diminished at a much faster pace (-155%) than in May, when production had decreased 14%. Refinery products, the largest weight on the index contributing 28%, diminished 8.9%marking an improvement from the 21.3%contraction seen the previous month. The lifting of restrictions on inte

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