... sluggish. We only have data for the US and China for May IP, with my estimates for the other countries. But this is what the 3 month rate of change for world IP (industrial production) looks like: May slowing somewhat. Still likely to be revised later, when actual data become available -- and prolly revised down.
The chart shows the percentage change of my indices of industrial production over the same index 3 months ago, not annualised.
Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.