Wednesday, February 21, 2024

World industrial production troughing

 Preliminary estimates for November, December and January, my calculations.  Latest data partially estimated from PMIs.

The chart shows the 6-month rate of change, annualised.

World economic output is still falling, overall, but prolly troughing about now, but I don't expect a jet take-off, more a Sopwith Camel barely clearing the trees at the end of the runway.  

I'll calculate my estimate of world GDP tomorrow, but that will prolly confirm these calculations.  




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