Mint macro tracker: High-frequency indicators improve slightly in February
Methodology note: For each indicator, an average band is constructed around the five-year average value. This band's size varies by volatility (it depends on the standard deviation). An indicator that lies within this range is said to be 'in line with five-year average' (code: amber). Values falling below this range are said to be in red, and those lying above this range are said to be in green. For inflation, the red/green coding is reversed. While calculating the five-year average, data for some indicators for April-May 2020 and April-May 2021 have been removed to eliminate lockdown-induced skews in the trend. However, the five-year averages may still show high figures due to sustained base effect in several indicators in 2021 and 2022. Monthly standings will get updated retrospectively as more data comes in.
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