Growth is one of the most important drivers of asset returns. An accurate and timely read of unfolding conditions is critical to investment success. The Augur Labs Timely Underlying Growth Nowcast is an alternative, big-data-driven measure of economic activities; it uncovers the true underlying strength of the economy in a timely fashion.

Global Growth Nowcast as of 5/3/2024
Underlying Growth 1m Change 3m Change 1m History
World 3.5% 0.0% 0.6% 3.706, 3.748, 3.74, 3.793, 3.777, 3.743, 3.734, 3.628, 3.667, 3.713, 3.708, 3.746, 3.74, 3.736, 3.705, 3.722, 3.756, 3.699, 3.644, 3.552, 3.475
Developed World 1.3% 0.1% -0.1% 1.327, 1.371, 1.36, 1.365, 1.387, 1.374, 1.463, 1.46, 1.52, 1.658, 1.669, 1.71, 1.65, 1.624, 1.519, 1.55, 1.595, 1.645, 1.476, 1.369, 1.252
United States 1.6% 0.0% -0.4% 1.973, 1.993, 1.97, 1.977, 2.05, 2.056, 2.193, 2.248, 2.259, 2.533, 2.559, 2.634, 2.459, 2.471, 2.306, 2.386, 2.44, 2.198, 1.863, 1.884, 1.573
DW ex US 1.0% 0.1% 0.2% 0.832, 0.895, 0.893, 0.898, 0.879, 0.853, 0.904, 0.857, 0.955, 0.989, 0.989, 1.003, 1.03, 0.977, 0.917, 0.91, 0.948, 1.221, 1.18, 0.975, 1.007
Euro Area 1.2% 0.1% 0.4% 1.109, 1.216, 1.221, 1.211, 1.171, 1.154, 1.171, 1.21, 1.215, 1.253, 1.251, 1.263, 1.267, 1.241, 1.186, 1.181, 1.241, 1.322, 1.269, 1.135, 1.194
Core 1.0% 0.6% 1.0% 0.394, 0.568, 0.576, 0.564, 0.528, 0.542, 0.571, 0.609, 0.617, 0.668, 0.676, 0.697, 0.696, 0.828, 0.748, 0.758, 0.823, 0.943, 0.955, 0.977, 0.98
Germany 0.9% 1.5% 1.8% -0.627, -0.275, -0.265, -0.255, -0.245, -0.236, -0.206, -0.131, -0.117, -0.103, -0.089, -0.047, 0.016, 0.289, 0.315, 0.341, 0.595, 0.821, 0.834, 0.874, 0.888
France 1.1% -0.5% 0.4% 1.531, 1.54, 1.55, 1.553, 1.433, 1.435, 1.444, 1.447, 1.45, 1.453, 1.456, 1.465, 1.371, 1.37, 1.094, 1.087, 1.044, 1.08, 1.08, 1.087, 1.077
Netherlands 1.0% 0.4% 0.5% 0.618, 0.624, 0.626, 0.619, 0.621, 0.69, 0.697, 0.699, 0.701, 1.088, 1.092, 1.088, 1.09, 1.093, 1.096, 1.099, 0.946, 0.946, 0.988, 0.989, 0.99
Belgium 1.1% -0.4% -0.5% 1.561, 1.571, 1.575, 1.319, 1.323, 1.328, 1.49, 1.494, 1.498, 1.502, 1.507, 1.471, 1.473, 1.504, 1.507, 1.51, 1.127, 1.126, 1.124, 1.127, 1.13
Periphery 1.6% -0.7% -0.6% 2.302, 2.298, 2.296, 2.292, 2.245, 2.174, 2.172, 2.213, 2.212, 2.228, 2.21, 2.208, 2.221, 1.93, 1.918, 1.886, 1.938, 1.955, 1.793, 1.4, 1.552
Italy 0.4% -1.4% -1.5% 1.814, 1.815, 1.815, 1.811, 1.712, 1.562, 1.567, 1.662, 1.663, 1.665, 1.666, 1.669, 1.67, 1.043, 1.019, 0.996, 0.933, 1.062, 1.066, 0.062, 0.385
Spain 3.0% 0.1% 0.0% 3.054, 3.039, 3.034, 3.029, 3.024, 3.019, 3.003, 2.998, 2.993, 3.038, 2.982, 2.967, 3.004, 2.999, 2.994, 2.928, 3.082, 2.98, 2.979, 3.04, 3.038
Ireland 0.8% -1.6% -0.3% 2.349, 2.355, 2.339, 2.341, 2.344, 2.346, 2.352, 2.334, 2.336, 2.339, 2.341, 2.348, 2.35, 2.352, 2.354, 2.357, 2.487, 2.489, 0.74, 0.732, 0.765
Portugal 2.6% 0.6% 0.5% 2.024, 2.027, 2.041, 2.042, 2.043, 2.044, 2.047, 2.048, 2.049, 2.05, 2.051, 2.054, 2.055, 2.056, 2.057, 2.058, 2.437, 2.492, 2.493, 2.575, 2.577
Greece 2.7% 0.5% 0.8% 2.199, 2.202, 2.202, 2.18, 2.181, 2.182, 2.185, 2.185, 2.186, 2.187, 2.188, 2.191, 2.192, 2.193, 2.193, 2.194, 2.105, 1.858, 1.834, 2.662, 2.66
Japan 0.9% 2.1% 0.0% -1.147, -1.104, -1.111, -1.096, -1.081, -1.184, -1.026, -1.011, -0.468, -0.357, -0.346, -0.301, -0.138, -0.117, -0.095, -0.074, -0.01, 1.489, 1.565, 0.929, 0.931
United Kingdom 0.0% -0.9% -0.1% 0.88, 0.886, 0.887, 0.889, 0.891, 0.971, 0.976, 0.339, 0.343, 0.347, 0.336, 0.348, 0.312, 0.202, -0.052, 0.016, -0.013, -0.022, 0.0, 0.0, 0.004
Canada 1.1% -1.9% 0.0% 2.382, 2.39, 2.393, 2.497, 2.499, 2.416, 2.623, 2.611, 2.605, 2.53, 2.523, 2.504, 2.498, 2.077, 2.071, 1.92, 1.895, 1.494, 1.23, 1.067, 1.065
Australia 1.6% -0.4% 0.4% 2.035, 2.038, 1.974, 1.968, 1.962, 1.956, 1.938, 1.929, 1.923, 1.868, 1.862, 1.844, 1.838, 1.832, 1.826, 1.82, 1.803, 1.757, 1.574, 1.616, 1.617
Switzerland 0.2% -0.8% -0.3% 1.068, 0.941, 0.945, 0.949, 0.954, 0.958, 0.97, 0.996, 1.0, 1.008, 1.012, 1.025, 1.029, 1.088, 1.094, 1.101, 1.12, 1.047, 1.051, 0.245, 0.243
Sweden 1.6% -0.2% 0.5% 1.891, 1.921, 1.931, 1.913, 1.923, 1.933, 1.964, 1.974, 1.984, 1.994, 2.004, 2.035, 2.045, 1.827, 1.665, 1.57, 1.534, 1.538, 1.542, 1.642, 1.646
Norway 1.4% 0.1% 0.8% 1.327, 1.244, 1.25, 1.256, 1.262, 1.268, 1.223, 1.23, 1.237, 1.318, 1.324, 1.344, 1.351, 1.357, 1.24, 1.257, 1.294, 1.306, 1.302, 1.381, 1.375
New Zealand -0.7% -0.9% -1.2% 0.177, 0.184, 0.186, 0.189, 0.191, -0.06, -0.019, -0.016, -0.014, -0.011, -0.009, -0.001, 0.001, 0.052, 0.054, -0.407, -0.453, -0.514, -0.726, -0.721, -0.716
Emerging Markets 5.3% -0.1% 1.1% 5.629, 5.668, 5.664, 5.754, 5.708, 5.657, 5.569, 5.379, 5.402, 5.374, 5.355, 5.39, 5.429, 5.442, 5.471, 5.477, 5.503, 5.36, 5.395, 5.316, 5.271
China 6.2% -0.2% 0.4% 6.404, 6.417, 6.429, 6.592, 6.604, 6.65, 6.662, 6.176, 6.266, 6.279, 6.317, 6.33, 6.343, 6.356, 6.368, 6.407, 6.419, 6.14, 6.146, 6.151, 6.157
EM ex China 4.7% 0.0% 1.5% 5.099, 5.157, 5.141, 5.182, 5.095, 4.978, 4.822, 4.834, 4.812, 4.756, 4.697, 4.748, 4.805, 4.818, 4.858, 4.841, 4.876, 4.826, 4.882, 4.745, 4.665
EM Asia ex China 5.2% -0.5% 0.0% 5.753, 5.766, 5.764, 5.836, 5.783, 5.57, 5.246, 5.248, 5.242, 5.237, 5.155, 5.174, 5.244, 5.252, 5.317, 5.297, 5.146, 5.081, 5.191, 5.186, 5.184
India 7.3% -1.0% -0.2% 8.256, 8.242, 8.237, 8.232, 8.228, 7.877, 7.182, 7.183, 7.185, 7.186, 7.188, 7.192, 7.361, 7.37, 7.379, 7.387, 7.414, 7.375, 7.373, 7.303, 7.301
South Korea 2.8% 0.7% 0.3% 2.091, 2.091, 2.091, 2.091, 2.091, 1.771, 1.769, 1.768, 1.767, 1.766, 1.766, 1.764, 1.763, 1.783, 2.222, 2.222, 2.225, 1.924, 2.881, 2.829, 2.833
Indonesia 4.3% -0.5% -0.6% 4.784, 4.773, 4.77, 4.767, 4.416, 4.416, 4.414, 4.428, 4.354, 4.354, 4.353, 4.352, 4.352, 4.352, 4.351, 4.351, 4.35, 4.35, 4.35, 4.334, 4.334
Taiwan 1.8% -2.5% 0.5% 4.304, 4.276, 4.266, 5.586, 5.554, 5.523, 5.427, 5.395, 5.363, 5.331, 5.299, 5.39, 5.257, 5.226, 5.196, 5.166, 1.431, 1.115, 1.185, 1.754, 1.814
Thailand 1.1% 1.5% -0.4% -0.362, -0.24, -0.199, -0.281, -0.239, -0.197, -0.071, -0.029, 0.013, 0.055, 0.098, 0.224, 0.266, 0.308, 0.35, 0.392, 1.352, 1.059, 1.083, 1.1, 1.122
Malaysia 3.7% -1.0% 0.7% 4.738, 5.07, 5.051, 5.033, 5.014, 4.995, 4.939, 4.921, 4.902, 4.883, 3.327, 3.417, 3.447, 3.477, 3.563, 3.597, 3.701, 3.735, 3.725, 3.715, 3.705
Philippines 5.7% 0.2% 0.7% 5.499, 5.501, 5.501, 5.502, 5.621, 5.747, 5.741, 5.739, 5.737, 5.735, 5.733, 5.727, 5.67, 5.67, 5.67, 5.671, 5.672, 5.672, 5.669, 5.738, 5.734
Singapore 4.7% -0.5% 0.8% 5.934, 5.922, 5.917, 5.913, 5.909, 5.137, 5.142, 5.144, 5.331, 5.331, 5.33, 5.328, 5.328, 5.327, 5.327, 4.445, 4.498, 5.227, 5.219, 4.763, 4.725
Hong Kong 3.1% 0.0% 0.6% 3.476, 3.464, 3.46, 3.456, 3.523, 3.519, 3.184, 3.181, 3.178, 2.937, 2.461, 2.464, 2.466, 2.467, 2.784, 2.783, 2.782, 2.781, 2.78, 3.282, 3.066
Latin America 1.7% 0.0% 1.8% 1.58, 1.656, 1.581, 1.595, 1.769, 1.783, 1.822, 1.835, 1.744, 1.459, 1.463, 1.492, 1.654, 1.779, 1.807, 1.765, 1.81, 2.051, 2.058, 1.643, 1.714
Brazil 4.6% 1.3% 1.4% 3.291, 3.373, 3.375, 3.377, 3.791, 3.791, 3.792, 3.792, 3.58, 3.568, 3.556, 3.52, 3.508, 3.782, 3.732, 3.732, 3.732, 4.272, 4.269, 4.499, 4.623
Mexico 1.4% -2.1% 0.3% 3.351, 3.347, 3.346, 3.345, 3.229, 3.229, 3.228, 3.228, 3.228, 3.227, 3.213, 3.212, 3.212, 3.212, 3.212, 3.054, 3.054, 2.944, 2.938, 1.433, 1.432
Argentina -7.1% 0.9% 6.7% -8.184, -7.938, -8.438, -8.351, -8.264, -8.177, -7.916, -7.829, -7.742, -9.594, -9.491, -9.181, -8.071, -8.135, -7.786, -7.686, -7.387, -7.287, -7.217, -7.147, -7.076
EM Europe 5.9% 1.0% 4.8% 6.635, 6.775, 6.767, 6.759, 6.378, 6.365, 6.418, 6.447, 6.44, 6.432, 6.372, 6.506, 6.459, 6.402, 6.399, 6.401, 6.835, 6.617, 6.597, 6.251, 5.885
Russia 7.5% 3.5% 6.6% 7.503, 7.492, 7.488, 7.485, 6.722, 6.723, 6.724, 6.725, 6.725, 6.726, 6.726, 6.727, 6.728, 6.71, 6.711, 6.711, 7.621, 7.62, 7.598, 7.348, 7.497
Turkey 5.9% -2.5% 5.6% 8.384, 8.752, 8.727, 8.701, 8.676, 8.651, 8.833, 8.937, 8.905, 8.874, 8.842, 9.355, 9.182, 8.963, 8.951, 8.94, 8.905, 8.074, 8.042, 7.485, 5.896
Poland 2.9% -0.5% -0.4% 3.43, 3.437, 3.439, 3.442, 3.444, 3.393, 3.4, 3.402, 3.404, 3.407, 3.057, 2.991, 2.993, 3.139, 3.142, 3.146, 3.152, 3.155, 3.158, 2.887, 2.888
Czech Republic 1.6% 0.0% 0.5% 1.586, 2.469, 2.474, 2.478, 2.483, 2.487, 2.501, 2.505, 2.51, 2.514, 2.519, 2.533, 2.537, 2.339, 2.335, 2.331, 2.32, 2.269, 2.268, 1.615, 1.611
Hungary 1.9% 0.6% 0.0% 1.362, 1.372, 1.375, 1.378, 1.382, 1.385, 1.394, 1.398, 1.401, 1.404, 1.407, 1.417, 1.42, 1.423, 1.427, 1.567, 1.453, 1.844, 1.845, 1.895, 1.896
South Africa 2.2% 1.8% 2.2% 0.405, 0.488, 0.516, 0.543, 0.793, 0.819, 0.897, 0.922, 0.898, 0.923, 0.949, 1.026, 1.052, 1.078, 1.104, 1.129, 1.206, 1.015, 1.012, 2.252, 2.224