Saturday, July 30, 2022

Africa slowing

 I've updated my calculations for industrial production for Africa as a whole.   It's only available to Q4/2021.  It covers 73% of Africa's GDP.   However, there are PMIs for several African countries, though not the same universe as those I use to calculate IP.  The overlap is considerable, however, and all the large economies except Angola and Ethiopia have PMIs.  The correlation between the two series isn't too bad.  As you see, the PMI for Africa suggests that the economy is slowing.  




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