Auto Performance Not Indicative of Recovery

Byline: SHAMSUL GHANI Measuring economic growth in terms of cars produced and sold is as foolish as advising poor masses to eat cake when there is no bread! Car sales went up during Jul-Oct 2010, and also during October as compared to last month. This happened in the wake of devastating floods and the resultant loss to the economy, especially agriculture. Should we take it as a sign of economic recovery?