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 4/17/2024
Underlying Growth 1m Change 3m Change 1m History
World 3.6% 0.6% 0.8% 2.962, 3.006, 3.053, 3.075, 3.024, 3.051, 3.025, 3.247, 3.378, 3.379, 3.356, 3.407, 3.629, 3.67, 3.665, 3.717, 3.699, 3.666, 3.653, 3.556, 3.578
Developed World 1.4% 0.6% 0.8% 0.801, 0.795, 0.838, 0.855, 0.809, 0.792, 0.758, 0.747, 0.987, 0.998, 0.989, 0.991, 1.154, 1.198, 1.192, 1.197, 1.215, 1.203, 1.278, 1.297, 1.357
United States 1.9% 0.8% 1.0% 1.124, 1.05, 1.051, 1.058, 0.936, 0.934, 0.776, 0.826, 1.256, 1.263, 1.241, 1.161, 1.574, 1.594, 1.584, 1.59, 1.653, 1.661, 1.769, 1.875, 1.885
DW ex US 1.0% 0.4% 0.7% 0.554, 0.599, 0.674, 0.7, 0.712, 0.683, 0.745, 0.687, 0.782, 0.795, 0.797, 0.861, 0.832, 0.894, 0.893, 0.897, 0.879, 0.852, 0.903, 0.855, 0.953
Euro Area 1.2% 0.4% 0.6% 0.799, 0.775, 0.896, 0.925, 0.931, 0.869, 0.905, 0.907, 1.019, 1.044, 1.043, 1.105, 1.109, 1.216, 1.221, 1.211, 1.171, 1.154, 1.171, 1.209, 1.214
Core 0.6% 0.5% 0.4% 0.081, 0.041, 0.231, 0.271, 0.283, 0.17, 0.153, 0.162, 0.336, 0.373, 0.381, 0.405, 0.394, 0.568, 0.576, 0.564, 0.528, 0.542, 0.57, 0.608, 0.616
Germany -0.1% 1.0% 0.4% -1.09, -1.247, -0.876, -0.822, -0.804, -1.028, -1.063, -1.051, -0.692, -0.654, -0.643, -0.602, -0.627, -0.275, -0.265, -0.255, -0.245, -0.236, -0.206, -0.131, -0.117
France 1.5% 0.3% 0.6% 1.181, 1.391, 1.401, 1.43, 1.44, 1.471, 1.47, 1.479, 1.501, 1.513, 1.52, 1.529, 1.531, 1.54, 1.55, 1.553, 1.433, 1.435, 1.444, 1.447, 1.45
Netherlands 0.7% -0.1% 0.6% 0.786, 0.46, 0.463, 0.478, 0.48, 0.474, 0.476, 0.478, 0.484, 0.611, 0.613, 0.615, 0.618, 0.624, 0.626, 0.619, 0.621, 0.69, 0.697, 0.699, 0.701
Belgium 1.5% -0.2% -0.6% 1.709, 1.713, 1.832, 1.858, 1.866, 1.641, 1.641, 1.641, 1.546, 1.55, 1.553, 1.557, 1.561, 1.571, 1.575, 1.319, 1.323, 1.328, 1.48, 1.484, 1.489
Periphery 2.2% 0.2% 1.0% 1.996, 2.0, 2.004, 2.016, 2.011, 2.035, 2.159, 2.15, 2.157, 2.162, 2.148, 2.274, 2.302, 2.298, 2.296, 2.292, 2.245, 2.174, 2.172, 2.213, 2.212
Italy 1.7% 0.9% 1.3% 0.658, 0.664, 0.671, 0.69, 0.696, 0.774, 1.043, 1.06, 1.253, 1.587, 1.559, 1.814, 1.814, 1.815, 1.815, 1.811, 1.712, 1.562, 1.567, 1.662, 1.663
Spain 3.0% -0.8% 0.3% 3.792, 3.793, 3.794, 3.798, 3.77, 3.497, 3.487, 3.476, 3.353, 2.891, 2.886, 2.97, 3.054, 3.039, 3.034, 3.029, 3.024, 3.019, 3.003, 2.998, 2.993
Ireland 2.3% -0.1% 1.6% 2.446, 2.454, 2.463, 2.488, 2.497, 2.506, 2.504, 2.512, 2.546, 2.549, 2.553, 2.347, 2.349, 2.355, 2.339, 2.341, 2.344, 2.346, 2.352, 2.334, 2.336
Portugal 2.0% 0.0% 0.3% 2.008, 2.008, 2.008, 2.007, 2.007, 2.162, 2.167, 2.171, 2.01, 2.021, 2.022, 2.023, 2.024, 2.027, 2.041, 2.042, 2.043, 2.044, 2.047, 2.048, 2.049
Greece 2.2% 0.3% 1.0% 1.842, 1.84, 1.838, 1.831, 1.829, 3.014, 3.055, 2.809, 2.187, 2.188, 2.188, 2.189, 2.199, 2.202, 2.202, 2.18, 2.181, 2.182, 2.185, 2.185, 2.186
Japan -0.5% 0.7% 0.2% -1.142, -1.077, -1.06, -1.004, -0.986, -0.968, -0.944, -1.289, -1.185, -1.171, -1.176, -1.162, -1.147, -1.104, -1.111, -1.096, -1.081, -1.184, -1.026, -1.011, -0.468
United Kingdom 0.3% -0.3% 0.1% 0.681, 0.757, 0.819, 0.837, 0.841, 0.846, 0.85, 0.854, 0.867, 0.89, 0.891, 0.879, 0.88, 0.886, 0.887, 0.889, 0.891, 0.971, 0.976, 0.339, 0.343
Canada 2.6% 0.9% 2.7% 1.658, 1.652, 1.655, 1.605, 1.624, 1.624, 2.253, 2.261, 2.518, 2.522, 2.527, 2.918, 2.382, 2.39, 2.393, 2.497, 2.499, 2.416, 2.623, 2.611, 2.605
Australia 1.9% 0.5% 1.1% 1.443, 2.173, 2.174, 2.177, 2.026, 2.021, 2.018, 2.013, 1.994, 1.942, 1.987, 2.007, 2.035, 2.038, 1.974, 1.968, 1.962, 1.956, 1.938, 1.929, 1.923
Switzerland 1.0% 0.1% 1.0% 0.882, 0.888, 0.895, 0.915, 0.921, 0.953, 1.036, 1.045, 1.082, 1.055, 1.059, 1.064, 1.068, 0.941, 0.945, 0.949, 0.954, 0.958, 0.97, 0.975, 0.979
Sweden 2.0% 0.8% 2.1% 1.212, 1.218, 1.224, 1.24, 1.792, 1.753, 1.786, 1.813, 1.848, 1.809, 1.819, 1.881, 1.891, 1.921, 1.931, 1.913, 1.923, 1.933, 1.964, 1.974, 1.984
Norway 1.2% 0.0% 2.2% 1.217, 1.234, 1.25, 1.3, 1.316, 1.323, 1.34, 1.357, 1.373, 1.306, 1.306, 1.307, 1.307, 1.216, 1.216, 1.216, 1.216, 1.216, 1.153, 1.154, 1.154
New Zealand 0.0% -0.9% -0.4% 0.917, 0.979, 1.075, 1.091, 1.096, 1.101, 0.276, 0.251, -0.015, -0.013, -0.01, 0.169, 0.177, 0.184, 0.186, 0.189, 0.191, -0.06, -0.019, -0.016, -0.014
Emerging Markets 5.4% 0.7% 0.8% 4.708, 4.793, 4.842, 4.868, 4.814, 4.876, 4.857, 5.266, 5.309, 5.303, 5.268, 5.358, 5.628, 5.667, 5.663, 5.753, 5.706, 5.656, 5.571, 5.381, 5.373
China 6.2% 0.8% 0.5% 5.378, 5.384, 5.402, 5.408, 5.414, 5.42, 5.426, 6.368, 6.387, 6.399, 6.356, 6.368, 6.404, 6.417, 6.429, 6.592, 6.604, 6.65, 6.662, 6.176, 6.189
EM ex China 4.8% 0.6% 0.9% 4.251, 4.388, 4.459, 4.5, 4.404, 4.505, 4.468, 4.514, 4.573, 4.555, 4.524, 4.668, 5.098, 5.155, 5.139, 5.18, 5.093, 4.976, 4.826, 4.838, 4.815
EM Asia ex China 5.2% -0.5% 0.0% 5.768, 6.036, 6.05, 6.099, 5.951, 5.971, 5.896, 5.955, 5.813, 5.801, 5.685, 5.72, 5.75, 5.763, 5.761, 5.833, 5.78, 5.567, 5.253, 5.255, 5.249
India 7.2% -0.6% 0.8% 7.751, 8.331, 8.358, 8.438, 8.465, 8.492, 8.355, 8.382, 8.217, 8.19, 8.185, 8.261, 8.256, 8.242, 8.237, 8.232, 8.228, 7.877, 7.182, 7.183, 7.185
South Korea 1.8% -0.8% 0.1% 2.586, 2.59, 2.594, 2.606, 2.482, 2.479, 2.478, 2.55, 2.092, 2.092, 2.092, 2.092, 2.091, 2.091, 2.091, 2.091, 2.091, 1.771, 1.769, 1.768, 1.767
Indonesia 4.4% -0.5% -2.2% 4.837, 4.842, 4.847, 4.862, 4.866, 4.871, 4.876, 4.881, 4.798, 4.794, 4.791, 4.787, 4.784, 4.773, 4.77, 4.767, 4.416, 4.416, 4.414, 4.428, 4.354
Taiwan 5.4% 1.3% 1.0% 3.978, 3.996, 3.983, 4.265, 4.269, 4.343, 4.35, 4.357, 4.341, 4.331, 4.322, 4.313, 4.304, 4.276, 4.266, 5.586, 5.554, 5.523, 5.427, 5.395, 5.363
Thailand 0.0% -3.7% -3.6% 3.677, 3.668, 3.659, 3.633, 1.215, 1.247, 1.011, 1.5, 1.481, 1.502, -0.444, -0.403, -0.362, -0.24, -0.199, -0.281, -0.239, -0.197, -0.071, -0.029, 0.013
Malaysia 4.9% 0.3% 2.4% 4.694, 4.741, 4.788, 4.611, 4.636, 4.66, 4.685, 4.71, 4.737, 4.721, 4.704, 4.688, 4.672, 5.006, 4.988, 4.969, 4.95, 4.932, 4.939, 4.921, 4.902
Philippines 5.7% 0.4% 0.4% 5.375, 5.379, 5.383, 5.396, 5.4, 5.404, 5.408, 5.529, 5.497, 5.498, 5.498, 5.499, 5.499, 5.501, 5.501, 5.502, 5.621, 5.747, 5.741, 5.739, 5.737
Singapore 5.3% 0.9% 1.6% 4.436, 4.44, 4.444, 4.456, 5.195, 5.183, 5.172, 5.16, 5.129, 5.181, 5.186, 5.185, 5.934, 5.922, 5.917, 5.913, 5.909, 5.137, 5.142, 5.144, 5.331
Hong Kong 3.5% -0.1% -2.5% 3.561, 3.555, 3.548, 3.53, 2.627, 2.626, 2.624, 2.623, 2.647, 2.645, 3.047, 3.043, 3.469, 3.456, 3.452, 3.447, 3.514, 3.51, 3.506, 3.502, 3.498
Latin America 1.7% 0.7% 1.3% 1.065, 1.014, 1.115, 1.176, 1.083, 1.495, 1.51, 1.525, 1.838, 1.795, 1.69, 1.668, 1.58, 1.656, 1.581, 1.595, 1.769, 1.783, 1.822, 1.835, 1.744
Brazil 3.6% 0.2% 1.0% 3.35, 3.456, 3.629, 3.653, 3.661, 3.4, 3.407, 3.414, 3.477, 3.478, 3.394, 3.289, 3.291, 3.373, 3.375, 3.377, 3.791, 3.791, 3.792, 3.792, 3.58
Mexico 3.2% 2.0% 4.5% 1.249, 1.141, 1.149, 1.173, 1.181, 2.981, 2.984, 2.987, 3.818, 3.663, 3.451, 3.499, 3.351, 3.347, 3.346, 3.345, 3.229, 3.229, 3.228, 3.228, 3.228
Argentina -7.7% -0.6% -5.6% -6.798, -7.231, -7.142, -6.875, -7.537, -8.226, -8.158, -8.09, -8.187, -8.108, -8.028, -7.948, -8.184, -7.938, -8.438, -8.351, -8.264, -8.177, -7.916, -7.829, -7.742
EM Europe 6.4% 2.9% 2.8% 3.48, 3.484, 3.666, 3.69, 3.701, 3.764, 3.783, 3.828, 4.156, 4.189, 4.396, 4.918, 6.635, 6.775, 6.767, 6.759, 6.378, 6.365, 6.418, 6.447, 6.44
Russia 6.7% 4.0% 3.0% 2.694, 2.697, 2.701, 2.713, 2.716, 2.803, 2.807, 2.811, 3.576, 3.576, 4.001, 3.999, 7.503, 7.492, 7.488, 7.485, 6.722, 6.723, 6.724, 6.725, 6.725
Turkey 8.9% 3.0% 4.5% 5.657, 5.661, 6.313, 6.4, 6.429, 6.458, 6.487, 6.642, 6.525, 6.516, 6.507, 8.403, 8.384, 8.752, 8.727, 8.701, 8.676, 8.651, 8.833, 8.937, 8.905
Poland 3.4% -0.2% 0.2% 3.507, 3.51, 3.513, 3.457, 3.459, 3.487, 3.49, 3.494, 3.403, 3.424, 3.426, 3.428, 3.43, 3.437, 3.439, 3.442, 3.444, 3.393, 3.4, 3.402, 3.404
Czech Republic 2.5% 1.7% 2.1% 0.791, 0.793, 0.794, 0.848, 0.852, 0.855, 1.032, 1.036, 0.996, 1.606, 1.613, 1.62, 1.586, 2.469, 2.474, 2.478, 2.483, 2.487, 2.501, 2.505, 2.51
Hungary 1.4% 0.4% -0.4% 1.03, 1.031, 1.032, 1.036, 1.037, 1.248, 1.252, 1.255, 1.248, 1.336, 1.339, 1.279, 1.362, 1.372, 1.375, 1.378, 1.382, 1.385, 1.394, 1.398, 1.401
South Africa 0.9% -0.8% 1.0% 1.472, 1.445, 1.418, 1.261, 1.231, 1.201, 1.063, 1.039, 0.96, 0.396, 0.422, 0.377, 0.405, 0.488, 0.516, 0.543, 0.793, 0.819, 0.897, 0.922, 0.898