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.
| 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 |