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 12/1/2022
Underlying Growth 1m Change 3m Change 1m History
World 0.9% -1.1% -1.7% 2.06, 2.08, 1.857, 1.691, 1.706, 1.706, 1.685, 1.634, 1.572, 1.556, 1.473, 1.493, 1.443, 1.413, 1.373, 1.358, 1.425, 1.364, 1.365, 0.88, 0.912
Developed World -0.6% -0.9% -1.2% 0.28, 0.281, 0.237, 0.23, 0.232, 0.209, 0.179, 0.168, 0.154, 0.145, 0.088, 0.079, 0.048, 0.038, -0.089, -0.118, -0.045, -0.093, -0.132, -0.542, -0.62
United States -1.7% -2.2% -2.3% 0.52, 0.468, 0.375, 0.358, 0.354, 0.292, 0.244, 0.205, 0.244, 0.253, -0.083, -0.11, -0.202, -0.251, -0.582, -0.624, -0.666, -0.791, -0.832, -1.647, -1.655
DW ex US 0.1% 0.1% -0.4% 0.103, 0.142, 0.135, 0.136, 0.142, 0.148, 0.131, 0.14, 0.087, 0.065, 0.214, 0.219, 0.233, 0.252, 0.275, 0.254, 0.414, 0.422, 0.385, 0.273, 0.143
Euro Area 0.8% 0.9% 0.8% -0.098, -0.132, -0.086, -0.064, -0.055, -0.04, -0.029, 0.005, 0.032, 0.045, 0.167, 0.18, 0.213, 0.225, 0.251, 0.258, 0.569, 0.636, 0.682, 0.802, 0.755
Core 0.1% 0.7% 0.8% -0.573, -0.576, -0.498, -0.466, -0.454, -0.408, -0.397, -0.361, -0.324, -0.309, -0.228, -0.213, -0.161, -0.134, -0.099, -0.096, -0.038, 0.012, 0.146, 0.193, 0.149
Germany -0.4% 1.3% 1.5% -1.63, -1.646, -1.473, -1.453, -1.433, -1.413, -1.393, -1.332, -1.223, -1.197, -1.171, -1.144, -1.147, -1.125, -1.047, -0.856, -0.749, -0.656, -0.436, -0.355, -0.394
France 1.1% -0.0% 0.4% 1.122, 1.135, 1.144, 1.208, 1.214, 1.208, 1.215, 1.235, 1.241, 1.248, 1.254, 1.261, 1.328, 1.337, 1.325, 1.069, 1.079, 1.078, 1.078, 1.074, 1.074
Netherlands 0.0% 1.0% 0.1% -0.958, -0.956, -0.986, -0.989, -0.991, -0.958, -0.961, -0.969, -1.099, -1.101, -0.497, -0.498, -0.213, -0.2, -0.187, -0.174, -0.16, -0.121, 0.229, 0.255, 0.018
Belgium -0.4% 0.5% -1.1% -0.881, -0.878, -0.969, -0.951, -0.946, -0.43, -0.428, -0.423, -0.486, -0.484, -0.483, -0.481, -0.49, -0.307, -0.298, -0.364, -0.358, -0.34, -0.506, -0.412, -0.405
Periphery 1.8% 1.2% 0.6% 0.708, 0.623, 0.614, 0.62, 0.624, 0.586, 0.596, 0.627, 0.638, 0.648, 0.84, 0.85, 0.85, 0.836, 0.845, 0.86, 1.602, 1.696, 1.594, 1.836, 1.785
Italy 2.0% 3.0% 2.1% -0.908, -1.058, -0.969, -0.955, -0.933, -1.0, -0.977, -0.907, -0.884, -0.861, -0.449, -0.425, -0.453, -0.434, -0.415, -0.396, 1.209, 1.452, 1.559, 2.041, 2.016
Spain 1.8% -0.4% -0.7% 2.498, 2.451, 2.349, 2.345, 2.341, 2.338, 2.334, 2.323, 2.319, 2.315, 2.317, 2.313, 2.334, 2.252, 2.25, 2.265, 2.263, 2.257, 1.809, 1.826, 1.82
Ireland -0.2% -1.0% -0.2% 0.619, 0.623, 0.56, 0.575, 0.641, 0.656, 0.671, 0.716, 0.731, 0.746, 0.761, 0.776, 0.737, 0.799, 0.811, 0.822, 0.834, 0.624, 0.111, 0.263, -0.212
Portugal 1.2% -0.0% -0.9% 1.193, 1.19, 1.156, 1.158, 1.01, 1.012, 1.014, 1.021, 1.023, 1.025, 1.027, 1.029, 0.986, 0.986, 0.985, 0.985, 0.985, 0.984, 1.132, 1.17, 1.169
Greece 3.2% 0.7% -0.2% 2.841, 2.832, 2.685, 2.677, 2.669, 2.536, 2.528, 2.505, 2.497, 2.489, 2.482, 2.474, 2.674, 2.677, 2.68, 2.683, 2.686, 2.694, 3.249, 3.239, 3.24
Japan -2.0% -2.1% -3.9% 0.08, 0.068, 0.02, 0.014, 0.006, -0.003, -0.012, -0.037, -0.325, -0.453, -0.182, -0.197, -0.101, -0.099, -0.098, -0.227, -0.231, -0.242, -0.536, -1.438, -1.964
United Kingdom -0.1% 0.0% -0.1% -0.067, 0.129, 0.105, 0.103, 0.101, 0.099, 0.065, 0.059, -0.032, -0.03, -0.029, -0.004, 0.033, 0.038, 0.049, 0.06, 0.065, -0.09, -0.091, -0.092, -0.089
Canada 0.6% 0.4% 0.9% 0.236, 0.882, 0.516, 0.536, 0.556, 0.575, 0.328, 0.313, 0.287, 0.229, 0.623, 0.616, 0.323, 0.505, 0.652, 0.639, 0.626, 0.587, 0.625, 0.611, 0.632
Australia 2.3% -0.3% -1.0% 2.722, 2.655, 2.7, 2.471, 2.457, 2.442, 2.427, 2.384, 2.424, 2.41, 2.633, 2.618, 2.553, 2.537, 2.52, 2.504, 2.487, 2.402, 2.386, 2.396, 2.274
Switzerland 0.3% -0.5% 0.1% 0.816, 0.812, 0.911, 0.92, 0.928, 0.937, 0.945, 0.952, 0.961, 0.969, 0.849, 0.855, 0.545, 0.536, 0.526, 0.517, 0.507, 0.479, 0.513, 0.394, 0.328
Sweden -2.6% -0.1% -3.6% -2.351, -2.348, -2.368, -2.372, -2.27, -2.275, -2.28, -2.295, -2.3, -2.304, -2.309, -2.496, -2.245, -2.237, -2.228, -2.22, -2.212, -2.188, -2.588, -2.584, -2.592
Norway 1.2% -0.3% -1.0% 1.483, 1.484, 1.455, 1.453, 1.451, 1.45, 1.448, 1.443, 1.114, 1.114, 1.115, 1.332, 1.231, 1.227, 1.222, 1.218, 1.213, 1.174, 1.17, 1.166, 1.151
New Zealand 0.7% -0.6% -0.1% 1.371, 1.375, 1.339, 1.343, 1.387, 1.391, 1.212, 1.222, 1.269, 1.273, 1.276, 1.279, 1.272, 1.365, 1.368, 1.372, 1.038, 0.995, 0.98, 0.721, 0.723
Emerging Markets 2.2% -1.4% -2.1% 3.539, 3.575, 3.204, 2.905, 2.93, 2.95, 2.937, 2.851, 2.751, 2.727, 2.624, 2.668, 2.601, 2.555, 2.586, 2.584, 2.646, 2.574, 2.609, 2.061, 2.184
China 3.5% -0.8% -2.7% 4.134, 4.216, 3.83, 3.861, 3.893, 3.924, 3.895, 3.754, 3.807, 3.84, 3.873, 3.972, 4.195, 4.237, 4.28, 4.322, 4.448, 4.49, 4.532, 3.134, 3.465
EM ex China 1.4% -1.8% -1.7% 3.155, 3.16, 2.799, 2.287, 2.308, 2.32, 2.317, 2.268, 2.068, 2.009, 1.817, 1.825, 1.571, 1.468, 1.492, 1.46, 1.481, 1.336, 1.366, 1.367, 1.356
EM Asia ex China 2.3% -1.5% -1.9% 3.882, 3.882, 3.362, 3.322, 3.336, 3.351, 3.446, 3.462, 3.086, 3.09, 2.742, 2.756, 2.589, 2.571, 2.582, 2.587, 2.622, 2.448, 2.476, 2.353, 2.271
India 5.2% 0.0% 0.4% 5.343, 5.357, 5.389, 5.404, 5.418, 5.432, 5.636, 5.664, 4.891, 4.897, 4.903, 4.909, 5.089, 5.103, 5.117, 5.13, 5.144, 5.185, 5.199, 5.107, 5.239
South Korea -0.5% -0.9% -2.4% 0.394, 0.406, 0.418, 0.427, 0.467, 0.475, 0.483, 0.508, 0.516, 0.524, 0.532, 0.54, 0.702, 0.488, 0.518, 0.523, 0.529, 0.545, 0.551, 0.143, -0.522
Indonesia -0.7% -6.1% -5.1% 5.372, 5.298, 2.2, 2.163, 2.16, 2.149, 2.137, 2.172, 1.992, 1.986, 1.98, 1.973, 0.094, -0.001, -0.096, -0.191, -0.286, -0.57, -0.665, -0.76, -0.692
Taiwan -1.7% 0.5% -2.1% -2.12, -2.035, -1.806, -2.766, -2.721, -2.676, -2.63, -2.494, -2.449, -2.403, -2.358, -2.313, -2.278, -2.177, -1.942, -1.875, -1.809, -1.912, -1.545, -1.49, -1.736
Thailand -2.6% -3.1% -5.3% 0.546, 0.572, 0.651, 0.677, 0.704, 0.849, 0.874, 0.949, 0.975, 1.0, 1.025, 1.05, 1.289, 1.314, 1.338, 1.362, 1.387, -1.248, -1.177, -1.663, -2.621
Malaysia 0.8% -3.8% -6.9% 4.509, 4.449, 4.271, 4.414, 4.36, 4.306, 4.29, 4.128, 4.074, 4.021, -2.222, -2.043, -1.505, -1.325, -1.146, -0.967, -0.223, 0.414, 0.626, 0.838, 0.797
Philippines 5.7% -0.1% 0.1% 5.778, 5.653, 5.645, 5.793, 5.789, 5.785, 5.781, 5.769, 5.765, 5.761, 5.717, 5.714, 5.706, 5.703, 5.7, 5.698, 5.695, 5.686, 5.683, 5.681, 5.685
Singapore 1.4% -1.3% -2.8% 2.761, 2.958, 3.646, 3.66, 3.674, 3.688, 3.702, 3.745, 3.759, 3.773, 1.209, 1.219, 1.339, 1.353, 1.121, 1.137, 1.293, 1.33, 1.342, 1.354, 1.4
Hong Kong 0.1% -2.5% -3.3% 2.855, 2.87, 0.442, 0.419, 0.502, 0.477, 0.475, -0.019, -0.037, -0.055, 0.238, 0.217, 0.086, 0.086, 0.086, 0.086, 0.086, 0.085, 0.085, 0.085, 0.094
Latin America -0.6% -2.1% -2.9% 1.604, 1.717, 1.671, 1.679, 1.762, 1.788, 1.495, 1.434, 1.434, 1.433, 1.433, 1.433, 0.48, -0.138, -0.056, -0.151, -0.155, -0.441, -0.572, -0.625, -0.61
Brazil 0.5% -2.4% -4.0% 2.897, 3.125, 3.105, 2.962, 3.067, 3.053, 2.401, 2.06, 1.989, 1.918, 1.847, 1.775, 1.49, 1.415, 1.341, 1.185, 1.107, 0.873, 0.617, 0.541, 0.52
Mexico -0.8% -2.0% -0.3% 1.168, 1.165, 0.319, 0.4, 0.482, 0.563, 0.598, 0.843, 0.925, 1.007, 1.089, 1.17, -0.529, -0.548, -0.559, -0.569, -0.445, -0.801, -0.79, -0.8, -0.782
Argentina -3.8% -1.6% -6.3% -1.394, -1.354, 0.536, 0.837, 0.854, 0.871, 0.888, 0.939, 0.956, 0.973, 0.99, 1.007, -0.179, -4.025, -3.219, -3.335, -3.426, -3.698, -3.789, -3.88, -3.758
EM Europe 0.7% -2.1% -0.6% 2.793, 2.73, 2.49, 0.444, 0.433, 0.355, 0.352, 0.156, 0.186, -0.068, -0.069, -0.069, -0.0, 0.09, 0.102, 0.032, 0.039, 0.054, 0.218, 0.615, 0.748
Russia -0.0% -3.8% -0.8% 3.69, 3.644, 3.016, -1.065, -1.059, -1.053, -1.047, -1.028, -1.022, -1.518, -1.509, -1.499, -1.267, -1.245, -1.214, -1.191, -1.169, -1.101, -1.078, -0.463, -0.001
Turkey 1.5% -1.4% -0.7% 2.747, 2.594, 2.909, 2.867, 2.825, 2.512, 2.488, 1.641, 1.618, 1.595, 1.572, 1.55, 1.267, 1.52, 1.5, 1.134, 1.103, 1.009, 1.553, 1.877, 1.506
Poland 2.2% 0.5% 0.5% 1.716, 1.717, 1.647, 1.69, 1.693, 1.696, 1.699, 1.811, 2.076, 2.079, 2.081, 2.084, 2.145, 2.224, 2.229, 2.234, 2.178, 2.192, 2.207, 2.217, 2.219
Czech Republic -0.0% 1.4% 0.1% -1.009, -1.003, -0.917, -0.868, -0.859, -0.849, -0.84, -0.812, -0.803, -0.794, -0.785, -0.775, -0.513, -0.497, -0.481, -0.209, -0.182, -0.102, -0.075, -0.049, -0.032
Hungary 0.7% 0.2% -1.6% 0.557, 0.553, 0.494, 0.557, 0.475, 0.467, 0.458, 0.433, 0.254, 0.246, 0.238, 0.231, 0.355, 0.354, 0.353, 0.352, 0.642, 0.645, 0.8, 0.806, 0.744
South Africa 1.7% -0.3% -0.6% 2.019, 2.024, 1.651, 1.666, 1.682, 2.449, 2.459, 2.489, 2.499, 2.464, 2.474, 2.485, 2.424, 2.429, 2.435, 2.441, 2.447, 2.464, 2.47, 1.724, 1.688