Global Leading Indicator

“January Final GLI – some idiosyncratic factors might have had hand in amplifying current softness, but still recent growth deceleration now looks more serious than in previous months. (i) Momentum was 0.19%mom, down from December’s revised reading of 0.22%mom. The January reading and the latest revisions to previous months paint a significantly softer picture of global growth and the GLI now locates the global industrial cycle clearly in the ‘Slowdown’ phase. (ii) While we continue to expect a return into ‘Expansion’ in the coming months, we will be watching the GLI closely for signs of sustained weakness going forward.” (Goldman Sachs)


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