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 2/3/2023
Underlying Growth 1m Change 3m Change 1m History
World 2.4% 0.9% 0.8% 1.443, 1.471, 1.479, 1.523, 1.568, 1.598, 1.6, 1.611, 1.577, 1.624, 1.653, 1.822, 1.818, 1.835, 1.903, 1.902, 1.956, 2.475, 2.305, 2.335, 2.373
Developed World 0.7% 0.5% 0.5% 0.473, 0.522, 0.518, 0.525, 0.552, 0.591, 0.638, 0.624, 0.498, 0.568, 0.576, 0.608, 0.566, 0.587, 0.749, 0.702, 0.785, 0.71, 0.677, 0.692, 0.695
United States 0.1% 0.2% -0.2% 0.427, 0.462, 0.437, 0.448, 0.488, 0.557, 0.614, 0.461, 0.017, 0.096, 0.111, 0.169, 0.064, 0.075, 0.422, 0.306, 0.347, 0.245, 0.082, 0.117, 0.122
DW ex US 1.1% 0.6% 1.0% 0.507, 0.566, 0.579, 0.582, 0.599, 0.616, 0.656, 0.744, 0.853, 0.916, 0.918, 0.932, 0.937, 0.965, 0.99, 0.994, 1.108, 1.053, 1.115, 1.117, 1.118
Euro Area 2.2% 0.9% 2.3% 1.455, 1.52, 1.539, 1.53, 1.544, 1.537, 1.562, 1.636, 1.834, 1.887, 1.91, 1.845, 1.871, 1.904, 1.976, 1.976, 2.151, 2.084, 2.201, 2.2, 2.198
Core 2.1% 0.7% 2.6% 1.435, 1.556, 1.588, 1.595, 1.616, 1.637, 1.685, 1.802, 1.829, 1.901, 1.936, 1.837, 1.874, 1.926, 1.946, 1.955, 2.163, 2.047, 2.056, 2.08, 2.088
Germany 2.7% 1.1% 4.1% 1.539, 1.715, 1.745, 1.775, 1.805, 1.835, 1.925, 2.152, 2.194, 2.236, 2.277, 2.198, 2.173, 2.286, 2.32, 2.354, 2.784, 2.611, 2.633, 2.688, 2.691
France 1.4% 0.1% 0.2% 1.339, 1.411, 1.436, 1.404, 1.412, 1.421, 1.445, 1.453, 1.461, 1.469, 1.477, 1.336, 1.472, 1.45, 1.452, 1.42, 1.422, 1.394, 1.382, 1.375, 1.392
Netherlands 2.2% 0.9% 3.2% 1.733, 1.783, 1.742, 1.759, 1.775, 1.792, 1.843, 1.86, 1.876, 2.311, 2.39, 2.311, 2.33, 2.348, 2.366, 2.385, 2.414, 2.198, 2.219, 2.215, 2.21
Belgium 1.0% 0.7% 2.0% 0.673, 0.754, 0.955, 0.981, 1.007, 1.034, 0.888, 0.915, 0.943, 0.97, 1.019, 0.959, 0.981, 1.009, 1.031, 1.053, 0.982, 0.998, 0.999, 1.001, 1.003
Periphery 2.4% 1.1% 1.8% 1.489, 1.457, 1.456, 1.419, 1.42, 1.366, 1.351, 1.354, 1.842, 1.864, 1.866, 1.859, 1.867, 1.868, 2.026, 2.011, 2.131, 2.146, 2.449, 2.403, 2.387
Italy 2.4% 1.2% 3.4% 0.909, 0.847, 0.848, 0.848, 0.85, 0.732, 0.743, 0.746, 1.722, 1.726, 1.729, 1.638, 1.637, 1.636, 1.974, 2.004, 2.062, 2.08, 2.543, 2.492, 2.441
Spain 2.7% 0.8% 0.3% 2.46, 2.463, 2.464, 2.339, 2.34, 2.342, 2.347, 2.348, 2.458, 2.52, 2.521, 2.55, 2.569, 2.571, 2.573, 2.497, 2.459, 2.464, 2.724, 2.659, 2.654
Ireland 1.4% 1.6% 0.8% 0.791, 0.809, 0.81, 0.871, 0.873, 0.875, 0.616, 0.618, 0.621, 0.624, 0.627, 0.746, 0.754, 0.761, 0.769, 0.72, 1.247, 1.271, 1.26, 1.255, 1.37
Portugal 1.9% 0.8% 0.8% 1.36, 1.347, 1.352, 1.357, 1.363, 1.368, 1.384, 1.389, 1.394, 1.399, 1.404, 1.344, 1.346, 1.348, 1.35, 1.352, 1.904, 1.939, 1.937, 1.935, 1.933
Greece 2.3% 1.6% -0.4% 1.579, 1.5, 1.454, 1.445, 1.437, 1.428, 1.403, 1.394, 1.385, 1.377, 1.368, 1.724, 1.732, 1.74, 1.748, 1.756, 2.253, 2.274, 2.311, 2.314, 2.317
Japan -0.8% 0.6% -0.9% -1.961, -1.921, -1.909, -1.896, -1.882, -1.869, -1.83, -1.803, -1.781, -1.553, -1.54, -1.148, -1.107, -1.075, -1.043, -1.01, -0.913, -0.951, -0.865, -0.854, -0.845
United Kingdom -0.9% -0.3% -1.0% -0.579, -0.566, -0.561, -0.557, -0.553, -0.481, -0.468, -0.114, -0.111, -0.108, -0.347, -0.38, -0.563, -0.577, -0.753, -0.773, -0.833, -0.853, -0.841, -0.847, -0.854
Canada 1.4% 0.6% 0.8% 1.259, 1.403, 1.421, 1.439, 1.457, 1.608, 1.731, 1.718, 1.746, 1.75, 1.971, 1.535, 1.54, 1.635, 1.506, 1.538, 1.555, 1.556, 1.401, 1.375, 1.368
Australia 2.5% 0.4% -0.0% 2.409, 2.42, 2.417, 2.498, 2.591, 2.587, 2.575, 2.661, 2.661, 2.452, 2.453, 2.636, 2.652, 2.66, 2.669, 2.677, 2.702, 2.479, 2.483, 2.46, 2.465
Switzerland 1.0% 0.4% 0.1% 0.978, 1.223, 1.231, 1.238, 1.245, 1.252, 1.273, 1.28, 1.288, 1.295, 1.302, 0.991, 1.066, 1.05, 1.044, 1.037, 1.368, 1.339, 0.847, 0.994, 0.988
Sweden -1.1% 0.5% 1.3% -1.731, -1.694, -1.83, -1.817, -1.803, -1.79, -1.749, -1.736, -1.722, -1.709, -1.696, -1.606, -1.591, -1.575, -1.148, -1.2, -1.202, -1.184, -1.106, -1.089, -1.073
Norway 1.5% 0.7% 0.0% 0.712, 0.719, 0.722, 0.724, 0.727, 0.729, 1.505, 1.513, 1.521, 1.521, 1.529, 1.637, 1.648, 1.659, 1.67, 1.472, 1.516, 1.531, 1.472, 1.476, 1.48
New Zealand -1.1% 1.0% -2.2% -2.109, -2.082, -1.95, -1.941, -1.879, -1.87, -1.845, -1.836, -1.974, -1.965, -1.892, -1.875, -1.866, -1.858, -1.85, -1.58, -1.616, -1.599, -1.292, -1.278, -1.126
Emerging Markets 3.8% 1.3% 1.1% 2.248, 2.259, 2.276, 2.352, 2.412, 2.435, 2.4, 2.431, 2.474, 2.502, 2.549, 2.831, 2.857, 2.871, 2.862, 2.898, 2.929, 3.94, 3.657, 3.7, 3.766
China 5.8% 3.5% 2.0% 2.128, 2.166, 2.204, 2.417, 2.509, 2.351, 2.383, 2.434, 2.464, 2.495, 2.586, 3.216, 3.272, 3.329, 3.385, 3.555, 3.611, 6.327, 5.633, 5.643, 5.819
EM ex China 2.4% -0.1% 0.6% 2.326, 2.319, 2.323, 2.311, 2.349, 2.489, 2.41, 2.429, 2.48, 2.507, 2.525, 2.582, 2.589, 2.575, 2.525, 2.474, 2.488, 2.398, 2.38, 2.444, 2.439
EM Asia ex China 3.0% -0.4% -0.3% 3.088, 3.114, 3.121, 3.11, 3.204, 3.22, 3.093, 3.139, 3.234, 3.256, 3.299, 3.131, 3.148, 3.15, 3.052, 3.03, 3.041, 3.091, 2.983, 2.991, 3.022
India 5.4% -0.4% -0.0% 6.146, 6.179, 6.19, 6.201, 6.368, 6.375, 6.299, 6.301, 6.302, 6.304, 6.305, 5.827, 5.807, 5.788, 5.768, 5.749, 5.69, 5.671, 5.442, 5.421, 5.401
South Korea -0.3% -0.7% -0.7% 0.4, 0.56, 0.613, 0.291, 0.347, 0.403, 0.572, 0.628, 0.684, 0.741, 0.797, 1.763, 1.854, 1.945, 1.512, 1.367, 1.584, 1.496, -0.24, -0.257, -0.274
Indonesia 1.5% -3.7% -0.6% 2.39, 2.227, 2.163, 2.117, 2.071, 2.025, 1.077, 1.034, 1.506, 1.454, 1.402, 1.452, 1.409, 1.366, 1.323, 1.28, 1.151, 1.108, 1.285, 1.408, 1.53
Taiwan -2.7% -0.0% 0.0% -2.788, -2.819, -2.713, -2.606, -2.5, -2.393, -2.074, -1.967, -1.818, -1.712, -1.607, -3.084, -3.057, -3.029, -3.002, -2.975, -2.893, -2.882, -2.926, -2.831, -2.735
Thailand 3.4% 5.4% 2.7% -1.926, -1.773, -1.722, -1.671, -1.452, -1.404, -1.257, -1.208, -1.16, -1.111, -1.062, -0.915, -0.646, -0.6, -0.555, -0.509, -0.372, 0.909, 3.413, 3.404, 3.396
Malaysia 1.2% 1.7% -3.3% -0.446, -0.281, -0.22, 0.108, 0.169, 0.231, 0.414, 0.475, 0.398, 0.463, 0.454, 0.63, 0.689, 0.748, 0.806, 0.865, 1.041, 1.1, 1.117, 1.133, 1.15
Philippines 4.5% -1.5% -1.3% 6.199, 6.179, 6.011, 6.005, 5.896, 5.893, 5.884, 5.881, 5.878, 5.875, 5.872, 5.863, 5.86, 5.857, 4.118, 4.178, 4.358, 4.417, 4.449, 4.455, 4.46
Singapore 2.0% 2.7% -1.7% -0.318, -0.121, -0.055, 0.011, 0.076, 0.142, 0.339, 1.521, 1.588, 1.654, 1.721, 1.916, 1.983, 2.049, 2.316, 2.375, 2.553, 2.097, 2.091, 1.876, 1.981
Hong Kong -0.9% 2.8% 0.1% -4.636, -4.67, -4.682, -4.561, -4.574, -4.586, -4.475, -4.49, -4.504, -4.064, -2.581, -2.93, -2.981, -3.031, -1.512, -1.542, -1.632, -1.662, -1.473, -1.506, -0.933
Latin America -1.0% -0.6% -2.7% -0.978, -0.87, -0.819, -0.801, -0.829, -0.897, -0.803, -0.771, -0.725, -0.588, -0.559, -0.549, -0.536, -0.58, -0.539, -0.716, -0.636, -0.788, -0.903, -0.94, -0.977
Brazil -2.2% -1.2% -5.2% -1.292, -1.439, -1.487, -1.618, -1.799, -2.064, -2.234, -2.291, -2.317, -2.373, -2.43, -1.659, -1.646, -1.826, -1.849, -1.871, -1.938, -2.465, -2.227, -2.229, -2.231
Mexico 1.6% 0.5% 1.2% 1.496, 1.736, 1.858, 1.991, 2.068, 2.146, 2.378, 2.456, 2.533, 2.611, 2.679, 2.413, 2.469, 2.525, 2.62, 2.137, 2.311, 2.528, 1.887, 1.753, 1.619
Argentina -3.5% -1.5% -4.4% -6.224, -5.643, -5.449, -5.255, -5.062, -4.868, -4.286, -4.093, -3.899, -2.995, -2.796, -4.506, -4.599, -4.457, -4.353, -4.25, -3.939, -3.835, -3.739, -3.643, -3.547
EM Europe 3.8% 1.0% 5.0% 3.172, 3.013, 2.981, 2.939, 2.905, 3.502, 3.391, 3.345, 3.299, 3.253, 3.204, 3.88, 3.865, 3.836, 3.823, 3.8, 3.78, 3.309, 3.57, 3.852, 3.79
Russia 2.1% 1.1% 6.6% 1.417, 1.211, 1.143, 1.074, 1.006, 2.15, 1.926, 1.851, 1.776, 1.701, 1.626, 2.405, 2.374, 2.342, 2.311, 2.28, 2.186, 2.155, 2.317, 2.218, 2.119
Turkey 8.3% 1.3% 5.4% 7.422, 7.289, 7.284, 7.239, 7.245, 7.198, 7.159, 7.112, 7.065, 7.018, 6.971, 8.223, 8.234, 8.17, 8.177, 8.184, 8.204, 6.484, 7.047, 8.316, 8.274
Poland 3.5% 0.8% 1.8% 2.933, 2.967, 2.978, 2.989, 3.001, 3.221, 3.254, 3.264, 3.275, 3.286, 3.281, 3.165, 3.169, 3.185, 3.19, 3.194, 3.28, 3.287, 3.457, 3.461, 3.465
Czech Republic 0.1% -0.1% -0.0% 0.799, 0.185, 0.214, 0.243, 0.188, 0.217, 0.306, 0.335, 0.365, 0.394, 0.423, 0.019, -0.049, -0.044, -0.039, -0.034, -0.019, -0.134, 0.184, 0.148, 0.112
Hungary 1.1% -0.8% 0.5% 1.082, 1.222, 1.242, 1.263, 1.284, 1.304, 1.366, 1.387, 1.408, 1.428, 1.449, 1.316, 1.328, 1.34, 1.353, 1.065, 1.293, 1.311, 1.067, 1.063, 1.058
South Africa 1.9% 1.2% 0.3% 1.922, 1.8, 1.728, 1.732, 1.736, 1.74, 1.752, 1.723, 1.763, 1.767, 1.771, 1.131, 1.106, 1.082, 1.058, 1.034, 0.961, 2.019, 2.022, 1.973, 1.924