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 |