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 9/29/2023
Underlying Growth 1m Change 3m Change 1m History
World 2.6% 0.0% 0.4% 2.644, 2.64, 2.619, 2.633, 2.625, 2.634, 2.646, 2.67, 2.684, 2.682, 2.671, 2.689, 2.686, 2.659, 2.588, 2.601, 2.644, 2.682, 2.646, 2.64, 2.61
Developed World 0.4% -0.4% 0.2% 0.609, 0.641, 0.641, 0.649, 0.695, 0.705, 0.746, 0.788, 0.801, 0.799, 0.863, 0.881, 0.891, 0.761, 0.523, 0.531, 0.537, 0.558, 0.554, 0.522, 0.361
United States 1.0% -1.1% 1.0% 1.582, 1.614, 1.624, 1.738, 1.868, 1.889, 1.951, 1.961, 1.982, 1.943, 2.087, 2.149, 2.157, 2.1, 1.495, 1.482, 1.444, 1.467, 1.457, 1.485, 0.951
DW ex US -0.1% 0.0% -0.4% -0.108, -0.077, -0.085, -0.155, -0.17, -0.168, -0.143, -0.077, -0.071, -0.045, -0.04, -0.053, -0.043, -0.226, -0.194, -0.171, -0.132, -0.113, -0.113, -0.189, -0.074
Euro Area -0.2% 0.1% 0.1% -0.266, -0.242, -0.265, -0.366, -0.415, -0.405, -0.382, -0.385, -0.381, -0.377, -0.36, -0.348, -0.345, -0.384, -0.26, -0.222, -0.152, -0.144, -0.141, -0.283, -0.222
Core -0.5% 0.3% -0.2% -0.803, -0.787, -0.764, -0.933, -0.888, -0.878, -0.89, -0.898, -0.896, -0.893, -0.882, -0.875, -0.872, -0.969, -0.786, -0.779, -0.682, -0.674, -0.677, -0.615, -0.516
Germany -1.3% 0.4% -0.2% -1.662, -1.628, -1.572, -1.918, -1.938, -1.933, -1.919, -1.914, -1.91, -1.905, -1.9, -1.886, -1.881, -2.051, -1.829, -1.82, -1.643, -1.628, -1.613, -1.494, -1.284
France 0.2% 0.0% -0.4% 0.194, 0.194, 0.18, 0.179, 0.269, 0.276, 0.271, 0.237, 0.236, 0.235, 0.234, 0.23, 0.229, 0.181, 0.293, 0.291, 0.284, 0.282, 0.245, 0.232, 0.229
Netherlands -0.2% 0.3% -0.2% -0.473, -0.478, -0.479, -0.481, -0.298, -0.249, -0.534, -0.531, -0.528, -0.526, -0.523, -0.515, -0.513, -0.506, -0.232, -0.211, -0.18, -0.17, -0.16, -0.199, -0.232
Belgium 0.9% 1.0% 0.0% -0.147, -0.135, -0.132, -0.128, -0.076, -0.07, 0.143, 0.147, 0.151, 0.155, 0.296, 0.307, 0.31, 0.341, 0.446, 0.456, 0.61, 0.625, 0.639, 0.832, 0.852
Periphery 0.3% -0.2% 0.6% 0.647, 0.684, 0.583, 0.597, 0.389, 0.399, 0.482, 0.489, 0.496, 0.502, 0.529, 0.547, 0.553, 0.611, 0.634, 0.725, 0.749, 0.757, 0.77, 0.282, 0.279
Italy -1.5% -0.4% 1.3% -0.872, -0.837, -0.942, -0.928, -1.34, -1.327, -1.158, -1.148, -1.137, -1.126, -1.073, -1.046, -1.037, -0.919, -0.904, -0.89, -0.847, -0.832, -0.818, -1.506, -1.512
Spain 1.8% -0.1% 0.4% 1.74, 1.791, 1.675, 1.68, 1.597, 1.584, 1.592, 1.595, 1.597, 1.6, 1.602, 1.61, 1.612, 1.669, 1.716, 1.965, 1.977, 1.98, 1.984, 1.838, 1.835
Ireland 1.9% 1.3% 0.5% 1.848, 1.891, 1.732, 1.642, 1.81, 1.825, 1.881, 1.9, 1.919, 1.937, 1.956, 2.013, 2.032, 1.791, 1.797, 1.804, 1.824, 1.83, 1.894, 1.9, 1.907
Portugal 1.9% -0.6% -0.8% 2.438, 2.429, 2.426, 2.423, 2.406, 2.478, 2.471, 2.469, 2.466, 2.464, 2.461, 2.454, 2.452, 2.453, 2.451, 2.448, 2.442, 2.44, 2.437, 1.851, 1.859
Greece 1.5% -1.2% -2.0% 2.814, 2.814, 2.814, 3.048, 3.012, 3.053, 3.031, 3.024, 3.016, 3.009, 3.002, 2.98, 2.973, 3.041, 3.038, 3.034, 3.024, 3.02, 3.017, 1.534, 1.531
Japan 0.2% -0.1% -0.5% 0.304, 0.277, 0.262, 0.253, 0.361, 0.273, 0.312, 0.324, 0.337, 0.391, 0.439, 0.475, 0.487, -0.223, -0.272, -0.274, -0.292, -0.298, -0.304, -0.31, 0.22
United Kingdom -0.6% 0.8% -2.0% -1.41, -1.398, -1.357, -1.362, -1.409, -1.406, -1.399, -0.792, -0.792, -0.788, -0.74, -0.727, -0.723, -0.735, -0.815, -0.731, -0.662, -0.657, -0.651, -0.646, -0.64
Canada 0.4% -1.5% -0.5% 1.571, 1.625, 1.643, 1.443, 1.38, 1.564, 1.604, 1.618, 1.631, 1.765, 1.545, 1.102, 1.103, 0.888, 0.627, 0.598, 0.572, 0.818, 0.809, 0.8, 0.448
Australia 1.8% 0.2% 0.1% 1.553, 1.863, 1.906, 1.838, 1.873, 1.877, 1.888, 1.801, 1.799, 1.879, 1.876, 1.867, 1.864, 1.831, 1.826, 1.822, 1.808, 1.804, 1.799, 1.787, 1.783
Switzerland -0.7% 0.6% -0.1% -1.263, -1.111, -1.107, -1.103, -1.177, -1.161, -1.111, -1.095, -1.056, -1.039, -1.022, -0.973, -0.696, -1.004, -0.999, -0.995, -0.98, -0.976, -0.91, -0.903, -0.665
Sweden -1.8% -0.6% -2.2% -1.104, -1.12, -1.169, -1.174, -1.21, -1.177, -1.206, -1.216, -1.226, -1.236, -1.246, -1.275, -1.285, -1.619, -1.626, -1.632, -1.65, -1.656, -1.75, -1.772, -1.784
Norway 0.7% -0.1% 0.1% 0.687, 0.74, 0.758, 0.776, 0.665, 0.679, 0.719, 0.733, 0.746, 0.76, 0.455, 0.49, 0.501, 0.584, 0.599, 0.614, 0.66, 0.675, 0.69, 0.684, 0.7
New Zealand -0.1% -0.1% -0.6% -0.134, -0.105, -0.095, 0.056, 0.206, 0.217, 0.248, 0.35, 0.36, 0.37, 0.25, 0.28, 0.289, 0.277, 0.459, -0.004, -0.052, -0.068, -0.084, -0.004, -0.095
Emerging Markets 4.5% 0.4% 0.5% 4.334, 4.301, 4.262, 4.281, 4.228, 4.236, 4.224, 4.233, 4.248, 4.247, 4.173, 4.19, 4.178, 4.236, 4.304, 4.32, 4.395, 4.447, 4.383, 4.399, 4.478
China 5.4% 0.3% 0.5% 5.477, 5.501, 5.364, 5.389, 4.853, 4.844, 4.931, 4.927, 4.901, 4.898, 4.802, 4.801, 4.799, 5.233, 5.253, 5.315, 5.335, 5.356, 5.376, 5.397, 5.417
EM ex China 3.9% 0.4% 0.5% 3.595, 3.526, 3.549, 3.566, 3.824, 3.843, 3.768, 3.785, 3.826, 3.826, 3.767, 3.796, 3.776, 3.592, 3.69, 3.677, 3.787, 3.859, 3.742, 3.753, 3.872
EM Asia ex China 4.9% 0.2% 0.8% 4.806, 4.831, 4.832, 4.841, 4.748, 4.777, 4.797, 4.821, 4.88, 4.897, 4.772, 4.805, 4.773, 4.677, 4.687, 4.664, 4.712, 4.662, 4.644, 4.652, 4.894
India 7.6% 0.9% 1.5% 6.841, 6.806, 6.761, 6.75, 6.902, 6.892, 6.863, 6.886, 6.875, 6.865, 6.876, 6.845, 6.834, 7.056, 7.057, 7.059, 7.062, 7.063, 7.064, 7.065, 7.638
South Korea 1.3% 0.5% -2.1% 1.047, 1.202, 1.261, 1.313, 1.205, 1.234, 1.321, 1.35, 1.807, 1.831, 1.856, 1.93, 1.955, 1.627, 1.634, 1.641, 1.662, 1.325, 1.282, 1.275, 1.267
Indonesia 3.2% -1.7% 1.2% 5.045, 5.106, 5.126, 5.146, 4.414, 4.459, 4.549, 4.612, 4.675, 4.738, 3.904, 4.137, 4.214, 3.034, 3.049, 3.064, 3.108, 3.122, 3.137, 3.152, 3.166
Taiwan 2.9% 0.0% 1.0% 2.766, 2.816, 2.833, 2.85, 2.496, 3.051, 2.996, 2.977, 2.959, 2.94, 2.922, 2.867, 2.848, 2.798, 2.823, 2.892, 3.261, 3.271, 2.895, 2.891, 2.886
Thailand 1.9% -0.8% -2.3% 2.338, 2.368, 2.375, 2.385, 2.395, 2.405, 2.436, 2.446, 2.456, 2.595, 2.603, 2.627, 2.636, 2.644, 2.652, 2.111, 2.162, 2.179, 2.196, 2.213, 1.935
Malaysia 2.2% 0.6% 1.1% 1.641, 1.737, 1.769, 1.801, 1.834, 1.864, 2.243, 2.281, 2.32, 2.358, 2.397, 2.513, 1.417, 1.5, 1.583, 1.667, 1.87, 1.951, 2.031, 2.112, 2.193
Philippines 5.5% 0.3% 0.9% 4.968, 4.999, 5.009, 5.02, 5.348, 5.105, 5.132, 5.142, 5.151, 5.16, 5.169, 5.196, 5.433, 5.435, 5.437, 5.439, 5.446, 5.448, 5.45, 5.452, 5.454
Singapore 3.5% -1.0% 2.4% 4.548, 4.574, 4.603, 4.657, 3.923, 3.909, 3.866, 3.852, 3.838, 3.809, 3.795, 3.718, 3.704, 4.144, 4.152, 4.161, 4.187, 3.433, 3.457, 3.481, 3.505
Hong Kong 0.9% 0.5% 3.3% 0.35, 0.384, 0.697, 0.705, 0.503, 0.465, 0.114, 0.079, 0.077, 0.041, 0.167, 0.053, -0.087, 0.861, 0.877, 0.893, 0.94, 1.039, 1.055, 1.07, 0.883
Latin America 2.6% 1.4% 1.5% 1.414, 1.502, 1.508, 1.526, 2.27, 2.274, 2.29, 2.292, 2.295, 2.221, 2.253, 2.243, 2.206, 2.303, 2.474, 2.473, 2.501, 3.02, 2.583, 2.604, 2.604
Brazil 2.6% -0.2% 0.9% 2.886, 2.915, 2.579, 2.59, 2.555, 2.56, 2.574, 2.578, 2.583, 2.426, 2.492, 2.47, 2.488, 2.578, 2.545, 2.542, 2.594, 2.594, 2.594, 2.593, 2.593
Mexico 2.8% 1.5% 2.5% 1.776, 2.02, 2.152, 2.208, 3.896, 3.887, 3.88, 3.87, 3.86, 3.85, 3.84, 3.811, 3.801, 3.884, 3.92, 3.915, 3.898, 3.892, 2.729, 2.779, 2.775
Argentina 2.2% 6.3% 1.0% -4.167, -4.284, -3.512, -3.57, -2.731, -2.703, -2.621, -2.593, -2.565, -2.538, -2.51, -2.428, -2.711, -2.557, -1.402, -1.382, -1.321, 2.169, 2.182, 2.195, 2.209
EM Europe 2.8% 0.2% -0.8% 2.694, 2.294, 2.367, 2.403, 3.049, 3.064, 2.704, 2.722, 2.757, 2.778, 2.799, 2.861, 2.882, 2.246, 2.499, 2.501, 2.833, 2.847, 2.74, 2.756, 2.762
Russia 3.5% 0.0% -2.1% 3.671, 3.647, 3.827, 4.005, 4.914, 4.922, 4.106, 4.123, 4.14, 4.157, 4.175, 4.226, 4.244, 3.769, 3.762, 3.754, 3.732, 3.725, 3.474, 3.467, 3.459
Turkey 2.8% 0.7% 1.0% 2.224, 0.724, 0.651, 0.577, 1.314, 1.357, 1.526, 1.551, 1.59, 1.63, 1.67, 1.788, 1.828, 0.321, 1.295, 1.311, 2.595, 2.658, 2.721, 2.784, 2.847
Poland 1.8% -0.2% -0.7% 1.724, 1.738, 1.743, 1.625, 1.581, 1.587, 1.604, 1.61, 1.714, 1.72, 1.725, 1.742, 1.748, 1.707, 1.71, 1.713, 1.741, 1.744, 1.748, 1.754, 1.757
Czech Republic 0.1% -0.1% 1.5% 0.305, 0.358, 0.375, 0.043, -0.083, -0.067, -0.017, -0.0, 0.016, 0.033, 0.049, 0.099, 0.116, 0.082, 0.096, 0.11, 0.129, 0.142, 0.155, 0.168, 0.065
Hungary 0.5% 0.3% 0.8% -0.017, 0.017, 0.029, 0.041, 0.294, 0.249, 0.259, 0.263, 0.267, 0.27, 0.274, 0.285, 0.288, 0.413, 0.423, 0.433, 0.462, 0.471, 0.481, 0.535, 0.474
South Africa 1.2% -0.4% 0.5% 1.599, 1.466, 1.651, 1.605, 2.313, 2.282, 2.14, 2.11, 2.08, 2.035, 2.005, 1.915, 1.885, 2.063, 2.044, 2.025, 1.968, 1.949, 1.93, 1.911, 1.17