Quarter World growth

Mar-22 4.4
Jun-22 3.5
Sep-22 3.5
Dec-22 2.4
Mar-23 2.9
Jun-23 3.4
Sep-23 3.2
Dec-23 3.4
Mar-24 3.3
Jun-24 3.1
Sep-24 3.2
Source: OECD Economic Outlook, Volume
2024 Issue 2.
[Link]

_x000D_ Restricted Use - À usage restreint

#
_x000D_ Restricted Use - À usage restreint
#
Year World AEs EMDEs
2023 3.3 1.7 4.4
2024 3.2 1.7 4.2
2025 3.3 1.9 4.2
Source: IMF WEO (January 2025)

Note: AEs- Advanced Economies, EMDEs-

Emerging market and developing economies

[Link]
 German real
industrial
Trend (2010- Gap from trend
Date production
2019) (rhs)
(seasonally
1/31/2010 86.7
adjusted) 94.0 -7.3
2/28/2010 85.6 94.1 -8.5
3/31/2010 88.1 94.2 -6.1
4/30/2010 90.2 94.3 -4.1
5/31/2010 92.7 94.4 -1.7
6/30/2010 92 94.5 -2.5
7/31/2010 91.7 94.6 -2.9
8/31/2010 93 94.8 -1.8
9/30/2010 94.1 94.9 -0.8
10/31/2010 95.7 95.0 0.7
11/30/2010 95.1 95.1 0.0
12/31/2010 95.8 95.2 0.6
1/31/2011 96.6 95.3 1.3
2/28/2011 97.5 95.4 2.1
3/31/2011 97.8 95.5 2.3
4/30/2011 97.9 95.6 2.3
5/31/2011 98.8 95.7 3.1
6/30/2011 97.4 95.8 1.6
7/31/2011 100.3 95.9 4.4
8/31/2011 99.7 96.1 3.6
9/30/2011 98.1 96.2 1.9
10/31/2011 99.4 96.3 3.1
11/30/2011 99 96.4 2.6
12/31/2011 97.9 96.5 1.4
1/31/2012 98.2 96.6 1.6
2/29/2012 97.5 96.7 0.8
3/31/2012 99.5 96.8 2.7
4/30/2012 97.7 96.9 0.8
5/31/2012 99.4 97.0 2.4
6/30/2012 98.5 97.1 1.4
7/31/2012 99.2 97.2 2.0
8/31/2012 99.2 97.4 1.8
9/30/2012 98.4 97.5 0.9
10/31/2012 96.9 97.6 -0.7
11/30/2012 96.2 97.7 -1.5
12/31/2012 96.4 97.8 -1.4
1/31/2013 95.7 97.9 -2.2
2/28/2013 96.1 98.0 -1.9
3/31/2013 97.3 98.1 -0.8
4/30/2013 98.1 98.2 -0.1
5/31/2013 97.1 98.3 -1.2
6/30/2013 98.9 98.4 0.5
7/31/2013 97.8 98.5 -0.7
8/31/2013 99.4 98.7 0.7
9/30/2013 99.1 98.8 0.3
10/31/2013 98.5 98.9 -0.4
11/30/2013 100.1 99.0 1.1
12/31/2013 100.4 99.1 1.3
1/31/2014 100.1 99.2 0.9
2/28/2014 100.1 99.3 0.8
3/31/2014 100 99.4 0.6
4/30/2014 99.7 99.5 0.2
5/31/2014 98.9 99.6 -0.7
6/30/2014 99.2 99.7 -0.5
7/31/2014 100.7 99.9 0.8
8/31/2014 97.4 100.0 -2.6
9/30/2014 99.6 100.1 -0.5
10/31/2014 99.8 100.2 -0.4
11/30/2014 99.8 100.3 -0.5
12/31/2014 101.4 100.4 1.0
1/31/2015 99.8 100.5 -0.7
2/28/2015 100.2 100.6 -0.4
3/31/2015 100.3 100.7 -0.4
4/30/2015 101 100.8 0.2
5/31/2015 101.2 100.9 0.3
6/30/2015 100.9 101.0 -0.1
7/31/2015 102.3 101.2 1.1
8/31/2015 100.3 101.3 -1.0
9/30/2015 100.2 101.4 -1.2
10/31/2015 100.9 101.5 -0.6
11/30/2015 100 101.6 -1.6
12/31/2015 100.7 101.7 -1.0
1/31/2016 102.6 101.8 0.8
2/29/2016 102.6 101.9 0.7
3/31/2016 101.7 102.0 -0.3
4/30/2016 102.1 102.1 0.0
5/31/2016 100.7 102.2 -1.5
6/30/2016 102.3 102.3 0.0
7/31/2016 101.5 102.5 -1.0
8/31/2016 102.8 102.6 0.2
9/30/2016 102.5 102.7 -0.2
10/31/2016 103 102.8 0.2
11/30/2016 102.9 102.9 0.0
12/31/2016 101.1 103.0 -1.9
1/31/2017 101.8 103.1 -1.3
2/28/2017 103.5 103.2 0.3
3/31/2017 103 103.3 -0.3
4/30/2017 105 103.4 1.6
5/31/2017 105.1 103.5 1.6
6/30/2017 105 103.6 1.4
7/31/2017 105.4 103.8 1.6
8/31/2017 107.4 103.9 3.5
9/30/2017 106.6 104.0 2.6
10/31/2017 105.3 104.1 1.2
11/30/2017 108.5 104.2 4.3
12/31/2017 107.9 104.3 3.6
1/31/2018 107.2 104.4 2.8
2/28/2018 104.9 104.5 0.4
3/31/2018 106.4 104.6 1.8
4/30/2018 106.2 104.7 1.5
5/31/2018 108 104.8 3.2
6/30/2018 107.5 104.9 2.6
7/31/2018 106 105.1 0.9
8/31/2018 107.2 105.2 2.0
9/30/2018 106.5 105.3 1.2
10/31/2018 106 105.4 0.6
11/30/2018 104.2 105.5 -1.3
12/31/2018 105.6 105.6 0.0
1/31/2019 105.1 105.7 -0.6
2/28/2019 105 105.8 -0.8
3/31/2019 106 105.9 0.1
4/30/2019 104.7 106.0 -1.3
5/31/2019 104.8 106.1 -1.3
6/30/2019 103.7 106.2 -2.5
7/31/2019 103.6 106.4 -2.8
8/31/2019 104 106.5 -2.5
9/30/2019 103.2 106.6 -3.4
10/31/2019 102.4 106.7 -4.3
11/30/2019 103.1 106.8 -3.7
12/31/2019 100.8 106.9 -6.1
1/31/2020 104.3 107.0 -2.7
2/29/2020 104.4 107.1 -2.7
3/31/2020 95.5 107.2 -11.7
4/30/2020 78.1 107.3 -29.2
5/31/2020 85 107.4 -22.4
6/30/2020 93.5 107.5 -14.0
7/31/2020 94.5 107.7 -13.2
8/31/2020 94.8 107.8 -13.0
9/30/2020 96.7 107.9 -11.2
10/31/2020 100 108.0 -8.0
11/30/2020 101.4 108.1 -6.7
12/31/2020 102.7 108.2 -5.5
1/31/2021 100.5 108.3 -7.8
2/28/2021 98.3 108.4 -10.1
3/31/2021 101.7 108.5 -6.8
4/30/2021 101.4 108.6 -7.2
5/31/2021 100.2 108.7 -8.5
6/30/2021 98.8 108.8 -10.0
7/31/2021 100 109.0 -9.0
8/31/2021 95.5 109.1 -13.6
9/30/2021 96.1 109.2 -13.1
10/31/2021 99.1 109.3 -10.2
11/30/2021 99.9 109.4 -9.5
12/31/2021 100.7 109.5 -8.8
1/31/2022 100.7 109.6 -8.9
2/28/2022 100.6 109.7 -9.1
3/31/2022 96.7 109.8 -13.1
4/30/2022 97.9 109.9 -12.0
5/31/2022 98.5 110.0 -11.5
6/30/2022 99.3 110.1 -10.8
7/31/2022 98.8 110.3 -11.5
8/31/2022 97.8 110.4 -12.6
9/30/2022 99.3 110.5 -11.2
10/31/2022 98.7 110.6 -11.9
11/30/2022 99.5 110.7 -11.2
12/31/2022 96.4 110.8 -14.4
1/31/2023 99 110.9 -11.9
2/28/2023 100.9 111.0 -10.1
3/31/2023 98.9 111.1 -12.2
4/30/2023 98.4 111.2 -12.8
5/31/2023 99 111.3 -12.3
6/30/2023 97 111.4 -14.4
7/31/2023 96.4 111.6 -15.2
8/31/2023 95.8 111.7 -15.9
9/30/2023 95.2 111.8 -16.6
10/31/2023 94.8 111.9 -17.1
11/30/2023 95 112.0 -17.0
12/31/2023 92.8 112.1 -19.3
1/31/2024 93.9 112.2 -18.3
2/29/2024 95.1 112.3 -17.2
3/31/2024 94.6 112.4 -17.8
4/30/2024 94.7 112.5 -17.8
5/31/2024 91.7 112.6 -20.9
6/30/2024 93.4 112.8 -19.4
7/31/2024 90.7 112.9 -22.2
8/31/2024 93.1 113.0 -19.9
9/30/2024 91.2 113.1 -21.9
10/31/2024 90.3 113.2 -22.9
Source: Bloomberg
 Citi Economic Surprises Indices
Date US EU
12/11/2024 25.7 -25.9
12/10/2024 26.3 -26.5
12/9/2024 23.2 -27
12/6/2024 25.3 -26.6
12/5/2024 25.3 -23.7
12/4/2024 27.7 -23.4
12/3/2024 36.6 -25.1
12/2/2024 34.3 -25.3
11/29/2024 27.8 -23.9
11/28/2024 27.8 -19
11/27/2024 27.7 -22.6
11/26/2024 30 -22.8
11/25/2024 36 -22.1
11/22/2024 39 -20
11/21/2024 37.7 11.8
11/20/2024 40.6 13.9
11/19/2024 42.1 14.1
11/18/2024 43.4 14.1
11/15/2024 43.3 14.3
11/14/2024 38.7 14.4
11/13/2024 38.3 16.1
11/12/2024 38.4 16.1
11/11/2024 37.1 18.7
11/8/2024 37.2 16.7
11/7/2024 35.7 16.5
11/6/2024 35.6 18.1
11/5/2024 35.8 6.9
11/4/2024 31.9 7.2
11/1/2024 31.7 4.7
10/31/2024 38.6 4.3
10/30/2024 35.4 -0.6
10/29/2024 28.4 -5.6
10/28/2024 25.6 -5.8
10/25/2024 23.1 -4.5
10/24/2024 19.7 -6.3
10/23/2024 17.5 -10.1
10/22/2024 17.2 -9.9
10/21/2024 16.4 -11
10/18/2024 14.8 -17.9
10/17/2024 14.9 -19.1
10/16/2024 6.4 -20.1
10/15/2024 6 -20.9
10/14/2024 9 -25.2
10/11/2024 10.3 -26.7
10/10/2024 12.2 -27.1
10/9/2024 14.5 -27.3
10/8/2024 14.3 -28.8
10/7/2024 14.3 -32.8
10/4/2024 14.1 -29.5
10/3/2024 7.4 -36.1
10/2/2024 3.8 -45.3
10/1/2024 2.6 -48.1
9/30/2024 -0.8 -56.8
9/27/2024 -6.1 -58.1
9/26/2024 -5.3 -57.5
9/25/2024 -12.7 -58
9/24/2024 -13.8 -58
9/23/2024 -9.6 -56.2
9/20/2024 -8.5 -26.8
9/19/2024 -8.8 -27.8
9/18/2024 -12.3 -28.2
9/17/2024 -14.1 -33.6
9/16/2024 -17.1 -31.1
9/13/2024 -21.8 -37.3
9/12/2024 -22.4 -39
9/11/2024 -21.8 -40.3
9/10/2024 -26.8 -41.4
9/9/2024 -26.8 -41.9
9/6/2024 -30.1 -43.6
9/5/2024 -29.5 -36.4
9/4/2024 -28.9 -43.3
9/3/2024 -25.1 -39.5
9/2/2024 -23.9 -40.4
8/30/2024 -24.2 -50.9
8/29/2024 -24.8 -50.2
8/28/2024 -27.2 -56.6
8/27/2024 -28.1 -56.3
8/26/2024 -31.1 -56.2
8/23/2024 -38.6 -59.9
8/22/2024 -44.5 -60.4
8/21/2024 -41.2 -59.9
8/20/2024 -40.5 -60.3
8/19/2024 -39.2 -59.5
8/16/2024 -36.6 -58.9
8/15/2024 -34.9 -59
8/14/2024 -31 -59
8/13/2024 -31.1 -57.1
8/12/2024 -32.9 -50.8
8/9/2024 -34.3 -50.9
8/8/2024 -34.6 -51.4
8/7/2024 -36.3 -51.6
8/6/2024 -37.6 -51.5
8/5/2024 -39.1 -55.9
8/2/2024 -40.6 -49.7
 8/1/2024 -34.4 -48.3
7/31/2024 -25.2 -49
7/30/2024 -25.5 -53.4
7/29/2024 -29.3 -55.7
7/26/2024 -34 -52.9
7/25/2024 -33.4 -53.4
7/24/2024 -35.1 -45.7
7/23/2024 -31.1 -26.7
7/22/2024 -30.1 -27.3
7/19/2024 -35 -26
7/18/2024 -36.1 -25.7
7/17/2024 -36.9 -25.4
7/16/2024 -42.7 -25.2
7/15/2024 -45.5 -25.4
7/12/2024 -47.5 -25.9
7/11/2024 -45.8 -25.7
7/10/2024 -45.1 -25.6
7/9/2024 -45.7 -25.5
7/8/2024 -46.7 -25.4
7/5/2024 -46.8 -21.6
7/4/2024 -47.3 -11.7
7/3/2024 -47.5 -8.5
7/2/2024 -30.4 -10.4
7/1/2024 -32.4 -14
6/28/2024 -28.5 -14.2
6/27/2024 -29.2 -16.2
6/26/2024 -26.9 -13.7
6/25/2024 -26 -13.4
6/24/2024 -26.7 -14.2
6/21/2024 -25.6 -9.8
6/20/2024 -28.1 23.3
6/19/2024 -23.6 23.8
6/18/2024 -22.4 25.1
6/17/2024 -21.5 25.1
6/14/2024 -19.9 25.4
6/13/2024 -14.2 25.6
6/12/2024 -9.9 27.9
6/11/2024 -6.1 28.1
6/10/2024 -6.6 28.2
6/7/2024 -5.5 26.1
6/6/2024 -9.9 26.1
6/5/2024 -7.6 27.5
6/4/2024 -11.8 27.1
6/3/2024 -8.9 26.7
5/31/2024 -7.6 27.5
5/30/2024 -4.1 20.9
5/29/2024 -3.7 20.3
5/28/2024 -5.2 21.7
5/24/2024 -10.9 26
5/23/2024 -16.7 26
5/22/2024 -23.8 17.6
5/21/2024 -23.5 17.6
5/20/2024 -23.2 18.5
5/17/2024 -23.2 19.8
5/16/2024 -21.6 20.1
5/15/2024 -18.2 20.3
5/14/2024 -16.2 19.9
5/13/2024 -17.9 19.8
5/10/2024 -18.5 24.2
5/9/2024 -11.5 25
5/8/2024 -7.4 25.7
5/7/2024 -7.5 25.8
5/6/2024 -7.5 27
5/3/2024 -7.3 27.2
5/2/2024 2.6 29.3
5/1/2024 2 28.7
4/30/2024 7.6 29.9
4/29/2024 14 15.5
4/26/2024 15.1 28.7
4/25/2024 13.2 31.6
4/24/2024 20.1 32.7
4/23/2024 20.4 34
4/22/2024 28.4 29.6
4/19/2024 33.1 32.4
4/18/2024 33.4 33
4/17/2024 31.6 33.5
4/16/2024 33.8 34.1
4/15/2024 40 31.3
4/12/2024 39.5 34.6
4/11/2024 41.1 34.9
4/10/2024 40.9 35.5
4/9/2024 37.6 36
4/8/2024 39.2 36.4
4/5/2024 41.2 36.6
4/4/2024 36.6 40.7
4/3/2024 38.6 34.1
4/2/2024 41 40.3
4/1/2024 39 37
3/28/2024 33.5 42.8
3/27/2024 30.7 41.8
3/26/2024 31 43.9
3/25/2024 32.5 44.7
3/22/2024 31.6 46.7
3/21/2024 31.8 40.5
3/20/2024 24.6 53.8
3/19/2024 25 54.3
3/18/2024 23 50
3/15/2024 24.6 51.1
3/14/2024 29.2 51.2
3/13/2024 29.7 51.4
3/12/2024 29 56.2
3/11/2024 26.5 54.7
3/8/2024 27.8 51.4
3/7/2024 24.9 50.1
3/6/2024 25.4 57.1
3/5/2024 27.6 54.8
3/4/2024 34.2 53.3
3/1/2024 34.1 51.3
2/29/2024 40.6 37.3
2/28/2024 37.8 35.2
2/27/2024 38.3 47.1
2/26/2024 42.2 44.7
2/23/2024 43.8 42
2/22/2024 43.8 41.4
2/21/2024 40.2 34.8
2/20/2024 40.3 34.3
2/19/2024 40.9 34.5
2/16/2024 40.4 34.7
2/15/2024 45.8 34.6
2/14/2024 47.2 34.6
2/13/2024 47.7 22.3
2/12/2024 44.3 21.1
2/9/2024 44.1 20.9
2/8/2024 44 20.7
2/7/2024 43.5 20.6
2/6/2024 42.9 22.5
2/5/2024 42.6 9
2/2/2024 39.5 7
2/1/2024 30.7 4.4
1/31/2024 25.7 -1.1
1/30/2024 27.8 -1.3
1/29/2024 30 -9.2
1/26/2024 27.3 -10.1
1/25/2024 25.3 -10.5
1/24/2024 16.8 -4.7
1/23/2024 8.3 -11.4
1/22/2024 11.1 -9.5
1/19/2024 13.5 -12.4
1/18/2024 4.9 -13.2
1/17/2024 1.4 -13.9
1/16/2024 -2.4 -14.4
1/15/2024 5.4 -16.5
1/12/2024 7.5 -14.8
1/11/2024 8.1 -15.9
 1/10/2024 6.8 -16
1/9/2024 6.5 -17.5
1/8/2024 5.9 -17.4
1/5/2024 6.1 -31.3
1/4/2024 6.4 -30.4
1/3/2024 0.4 -40
1/2/2024 1.1 -40.5
12/29/2023 8.2 -41
12/28/2023 10.4 -40.6
12/27/2023 13.1 -40.4
12/26/2023 14.3 -42.2
12/22/2023 18.2 -42.9
12/21/2023 17.3 -42.3
12/20/2023 21.4 -43.3
12/19/2023 18.1 -45.5
12/18/2023 13 -46
12/15/2023 13.8 -41.8
12/14/2023 21.7 -22.6
12/13/2023 15.1 -22.8
12/12/2023 16 -17.8
12/11/2023 17.2 -19.4
12/8/2023 20.3 -21
12/7/2023 11.7 -21.2
12/6/2023 12.2 -20.6
12/5/2023 14.3 -13.9
12/4/2023 15.9 -18.6
12/1/2023 25.6 -23.7
11/30/2023 29.8 -30.6
11/29/2023 28 -13.7
11/28/2023 27.5 -17.1
11/27/2023 30.2 -18.7
11/24/2023 33.1 -22.8
11/23/2023 33.3 -23
11/22/2023 33.6 -27.9
11/21/2023 33.9 -30.4
11/20/2023 37.6 -31.7
11/17/2023 37.4 -39
11/16/2023 34.2 -40.5
11/15/2023 41.6 -41.7
11/14/2023 36.3 -41.3
11/13/2023 41.6 -44.5
11/10/2023 45.1 -44.5
11/9/2023 49.6 -44.9
11/8/2023 50 -45.2
11/7/2023 50.6 -45.3
11/6/2023 50.5 -43.4
11/3/2023 51.2 -47.9
11/2/2023 56.4 -47.7
 11/1/2023 54.4 -46.5
10/31/2023 63.4 -45.5
10/30/2023 61.4 -40.6
10/27/2023 63.7 -44.1
10/26/2023 61.2 -42.6
10/25/2023 52.6 -41.2
10/24/2023 49 -43.9
10/23/2023 48.7 -28.9
10/20/2023 52.9 -32.4
10/19/2023 54.3 -34.7
10/18/2023 54.4 -36.2
10/17/2023 55.5 -37.4
10/16/2023 51.8 -41.8
10/13/2023 51.2 -42.5
10/12/2023 55.9 -38.7
10/11/2023 55.4 -39
10/10/2023 56.8 -39.3
10/9/2023 58.3 -40.4
10/6/2023 59.7 -43.3
10/5/2023 50.5 -47.8
10/4/2023 50.3 -48
10/3/2023 46 -50.6
10/2/2023 47.3 -49.8
9/29/2023 45.1 -54
9/28/2023 48.9 -40.8
9/27/2023 48.3 -46.5
9/26/2023 44.4 -47.3
9/25/2023 46.2 -48.2
9/22/2023 54.9 -53
9/21/2023 55.9 -50
9/20/2023 57.2 -51.2
9/19/2023 57.5 -58
9/18/2023 59.6 -61.8
9/15/2023 64.8 -68.9
9/14/2023 61.4 -70.6
9/13/2023 59.5 -72.1
9/12/2023 57.2 -68.4
9/11/2023 58.5 -71.3
9/8/2023 61.4 -74.1
9/7/2023 62.2 -78
9/6/2023 59.5 -72.8
9/5/2023 56.5 -62.1
9/4/2023 52.7 -57.1
9/1/2023 52.1 -62.1
8/31/2023 46.4 -58.1
8/30/2023 43 -57.7
8/29/2023 48.2 -55.8
8/28/2023 56 -58.4
8/25/2023 59.6 -66.9
8/24/2023 60.5 -64.8
8/23/2023 60 -65.2
8/22/2023 69.2 -52.2
8/21/2023 72.4 -54.6
8/18/2023 77.6 -62.9
8/17/2023 78.9 -64.9
8/16/2023 71.6 -66.7
8/15/2023 68.6 -75.6
8/14/2023 70.1 -78.3
8/11/2023 73.7 -83.3
8/10/2023 74.4 -85
8/9/2023 78.7 -86.4
8/8/2023 78.5 -87.7
8/7/2023 77.7 -88.9
8/4/2023 77.7 -94.2
8/3/2023 78.7 -104.6
8/2/2023 80.8 -103.5
8/1/2023 74 -107.7
7/31/2023 76.1 -116
7/28/2023 79.6 -127.1
7/27/2023 81.9 -131.8
7/26/2023 68.2 -136.7
7/25/2023 70.3 -138.9
7/24/2023 65.2 -138.9
7/21/2023 63.1 -118.3
7/20/2023 63.5 -119.7
7/19/2023 63.7 -121.9
7/18/2023 68.4 -128
7/17/2023 74.8 -129.5
7/14/2023 75.1 -134.4
7/13/2023 67.8 -135.9
7/12/2023 65.7 -134.5
7/11/2023 70.6 -135.7
7/10/2023 70.5 -135.4
7/7/2023 72 -136.1
7/6/2023 73.7 -136.7
7/5/2023 52.9 -146
7/4/2023 57.5 -146.5
7/3/2023 57 -146.5
6/30/2023 54.4 -144.9
6/29/2023 53.9 -140.6
6/28/2023 41.8 -137.8
6/27/2023 40.8 -138.4
6/26/2023 23.9 -140.2
6/23/2023 22.5 -131.9
6/22/2023 28.9 -92.2
6/21/2023 28.9 -94.6
6/20/2023 30.2 -93.1
6/19/2023 21.9 -92.3
6/16/2023 22.3 -91.4
6/15/2023 18.2 -91.3
6/14/2023 19.5 -91.2
6/13/2023 18.7 -89.8
6/12/2023 19.1 -92.1
6/9/2023 20.8 -91.9
6/8/2023 21.2 -90.5
6/7/2023 26.9 -88.5
6/6/2023 28 -88.1
6/5/2023 28.2 -82.2
6/2/2023 38.9 -72.5
6/1/2023 30.9 -72.8
5/31/2023 23.7 -62.9
5/30/2023 25.3 -63.5
5/26/2023 22 -46.7
5/25/2023 6.9 -46
5/24/2023 0.5 -40.4
5/23/2023 1.6 -35.9
5/22/2023 3 -28.7
5/19/2023 5.5 -27.5
5/18/2023 6.1 -27.4
5/17/2023 1.4 -27.3
5/16/2023 2.2 -27.3
5/15/2023 -2.9 -24.7
5/12/2023 6 -21.1
5/11/2023 12.8 -21.1
5/10/2023 17.1 -21.2
5/9/2023 17.8 -20.3
5/8/2023 18.6 -20.3
5/5/2023 19.7 -14.6
5/4/2023 15.9 5.3
5/3/2023 16.6 12.6
5/2/2023 12.5 12.5
5/1/2023 19 10.2
4/28/2023 22 15.2
4/27/2023 21 21.5
4/26/2023 26.2 29.1
4/25/2023 25.1 30
4/24/2023 27.3 30.6
4/21/2023 32.1 32.8
4/20/2023 26.4 37
4/19/2023 35.9 37.5
4/18/2023 36.9 38.1
4/17/2023 39.1 43.8
4/14/2023 31 48.4
4/13/2023 28.4 49.6
4/12/2023 29.2 50.7
4/11/2023 29.7 52
4/10/2023 30.3 52.3
4/6/2023 31.4 56.5
4/5/2023 37.3 53.8
4/4/2023 48.1 46.8
4/3/2023 52 46.5
3/31/2023 57 50
3/30/2023 59.2 54.2
3/29/2023 60.8 60
3/28/2023 61.3 60.9
3/27/2023 59.5 59.5
3/24/2023 61.2 52.6
3/23/2023 51.3 44
3/22/2023 52.2 44.5
3/21/2023 52.7 45.1
3/20/2023 49.5 46.5
3/17/2023 50.7 48.4
3/16/2023 58.1 49.2
3/15/2023 48.9 49.8
3/14/2023 50.3 51.6
3/13/2023 47.9 54.6
3/10/2023 44.7 59.4
3/9/2023 39 60.6
3/8/2023 38.5 61.6
3/7/2023 35 58.7
3/6/2023 34.9 56.6
3/3/2023 38.9 64.4
3/2/2023 38.1 70.8
3/1/2023 37.6 59.4
2/28/2023 38.6 61.8
2/27/2023 40.4 60.5
2/24/2023 37.5 68.7
2/23/2023 34.2 71.7
2/22/2023 32.6 67.6
2/21/2023 32.7 68.6
2/20/2023 29 70
2/17/2023 29 79.4
2/16/2023 29 81.2
2/15/2023 36 82.7
2/14/2023 23.6 86.1
2/13/2023 23.5 87.3
2/10/2023 24.1 92.4
2/9/2023 22.8 93
2/8/2023 24.2 94.4
2/7/2023 23.6 95.6
2/6/2023 21.9 100.6
2/3/2023 19.7 100.1
 2/2/2023 -11 97.7
2/1/2023 -10.8 101.3
1/31/2023 -6.1 97.2
1/30/2023 -5.4 91
1/27/2023 -3.1 83.2
1/26/2023 -4.5 85.3
1/25/2023 -15.7 87.7
1/24/2023 -15.2 89.8
1/23/2023 -17.7 84.6
1/20/2023 -17.7 87.7
1/19/2023 -19 87.9
1/18/2023 -24.7 88.2
1/17/2023 -13.3 88.9
1/16/2023 -6.1 77.4
1/13/2023 -6.1 80.3
1/12/2023 -9.7 78.8
1/11/2023 -11.8 79.5
1/10/2023 -11.4 80.1
1/9/2023 -9.1 77.1
1/6/2023 -7.3 79
1/5/2023 9.1 75.9
1/4/2023 -0.5 76.6
1/3/2023 -1.3 69.3
12/30/2022 -2.7 67.9
12/29/2022 -4.2 68.1
12/28/2022 -4.4 68.7
12/27/2022 -5.8 69.8
12/23/2022 -5.8 69
12/22/2022 -6.4 68.5
12/21/2022 -7.9 68.2
12/20/2022 -10.3 67.4
12/19/2022 -5.7 66.7
12/16/2022 -2.9 61.8
12/15/2022 3.5 43.1
12/14/2022 9.9 42.1
12/13/2022 13.2 41.8
12/12/2022 16 40.4
12/9/2022 19 38.4
12/8/2022 17.5 38
12/7/2022 18.2 37.7
12/6/2022 18.8 33.1
12/5/2022 19.7 31.5
12/2/2022 12.9 27.5
12/1/2022 9.5 27.4
11/30/2022 8.9 32.5
11/29/2022 14 34.9
11/28/2022 14.2 37.5
11/25/2022 13.3 42.3
11/24/2022 13.4 34.1
11/23/2022 13.5 30.1
11/22/2022 13.6 11.4
11/21/2022 13.8 11.7
11/18/2022 11.3 15.5
11/17/2022 12.1 16.3
11/16/2022 14.3 17
11/15/2022 10.8 17.6
11/14/2022 8.4 12.5
11/11/2022 8.9 8.9
11/10/2022 13.2 9
11/9/2022 21.5 10
11/8/2022 21.6 10.5
11/7/2022 21.5 10.9
11/4/2022 18.9 9.2
11/3/2022 14.1 8.2
11/2/2022 13.5 8.9
11/1/2022 12.4 17.5
10/31/2022 8.1 18.2
10/28/2022 14.5 9
10/27/2022 13.7 3.5
10/26/2022 16.4 5.5
10/25/2022 16.3 10.3
10/24/2022 20.7 9.6
10/21/2022 25.5 22.3
10/20/2022 25.5 21
10/19/2022 23.5 18.6
10/18/2022 22.3 14.5
10/17/2022 19.4 9.4
10/14/2022 17.4 5.7
10/13/2022 13.4 5
10/12/2022 5.3 4.5
10/11/2022 5.1 2
10/10/2022 4.2 1.7
10/7/2022 5.2 1.9
10/6/2022 4.7 0.5
10/5/2022 7.5 2.8
10/4/2022 6.3 -0.2
10/3/2022 10.4 -0.6
9/30/2022 17.9 0.2
9/29/2022 18.5 -5.7
9/28/2022 15 -0.8
9/27/2022 14.9 -0.9
9/26/2022 10.9 -4.6
9/23/2022 10.9 4.1
9/22/2022 5.9 8
9/21/2022 6.1 10.3
9/20/2022 6.1 9.4
9/19/2022 3.6 1.2
9/16/2022 2.3 -10.8
9/15/2022 2.5 -13.2
9/14/2022 5.8 -15.2
9/13/2022 5.4 -12.3
9/12/2022 -9.6 -12.9
9/9/2022 -13.9 -17
9/8/2022 -14.6 -14.8
9/7/2022 -17.7 -15.9
9/6/2022 -18.9 -22.9
9/5/2022 -23.8 -23
9/2/2022 -26.6 -17.3
9/1/2022 -20.9 -17.6
8/31/2022 -27.6 -25.4
8/30/2022 -16.8 -34.5
8/29/2022 -23.3 -32.3
8/26/2022 -24.3 -32.7
8/25/2022 -19.1 -37.2
8/24/2022 -22.1 -45.8
8/23/2022 -21.6 -45.8
8/22/2022 -9.8 -49.9
8/19/2022 -16.4 -51.4
8/18/2022 -17.6 -51.6
8/17/2022 -25.4 -51.8
8/16/2022 -31.5 -49
8/15/2022 -34.1 -48.3
8/12/2022 -25.2 -47.8
8/11/2022 -29.3 -50.2
8/10/2022 -29.8 -50.2
8/9/2022 -23.5 -50.2
8/8/2022 -25.1 -50.2
8/5/2022 -25.4 -51.1
8/4/2022 -43.5 -53.7
8/3/2022 -43.9 -54.5
8/2/2022 -56.9 -60.7
8/1/2022 -56.5 -62.4
7/29/2022 -61.8 -63.9
7/28/2022 -66.4 -105
7/27/2022 -53.5 -94.7
7/26/2022 -58.3 -94.5
7/25/2022 -59.6 -95.8
7/22/2022 -64.4 -92.2
7/21/2022 -60 -61.6
7/20/2022 -53.2 -61.6
7/19/2022 -52 -55.3
7/18/2022 -53.7 -52.6
7/15/2022 -51.3 -48
7/14/2022 -54.1 -47.1
7/13/2022 -52.5 -46.4
7/12/2022 -59.2 -48.4
7/11/2022 -56 -42.6
7/8/2022 -56.7 -40.3
7/7/2022 -64.3 -39.4
7/6/2022 -63.7 -38.6
7/5/2022 -69.3 -38.5
7/4/2022 -75.9 -37
7/1/2022 -75.8 -31.8
6/30/2022 -71.6 -25.3
6/29/2022 -68.3 -16.9
6/28/2022 -68.9 -28
6/27/2022 -66.9 -28.2
6/24/2022 -71.7 -25.8
6/23/2022 -78.7 -20.9
6/22/2022 -68.2 28.5
6/21/2022 -68.3 29.2
6/20/2022 -65.5 30.3
6/17/2022 -65 31.8
6/16/2022 -62.8 32.1
6/15/2022 -49 32.4
6/14/2022 -46 34.5
6/13/2022 -45 35.3
6/10/2022 -50.3 31.4
6/9/2022 -46.7 28.2
6/8/2022 -42.8 27.4
6/7/2022 -43.4 14.6
6/6/2022 -44.2 16.5
6/3/2022 -45.6 14.9
6/2/2022 -49.4 21.5
6/1/2022 -37.8 21.1
5/31/2022 -37.8 19.6
5/30/2022 -43.7 11.3
5/27/2022 -39.9 12.6
5/26/2022 -41.2 10.4
5/25/2022 -39.6 8.1
5/24/2022 -37.3 10.1
5/23/2022 -20.8 18.5
5/20/2022 -14.8 19.8
5/19/2022 -13.3 22.3
5/18/2022 -2.3 24.5
5/17/2022 0.2 26.1
5/16/2022 -3.3 22.5
5/13/2022 12.8 26.8
5/12/2022 19.6 27.4
5/11/2022 21.1 28.3
5/10/2022 14.5 29.1
5/9/2022 16.3 25.3
 5/6/2022 20.3 27.9
5/5/2022 18.1 32.9
5/4/2022 22.9 41.7
5/3/2022 35.5 41
5/2/2022 28 40.2
4/29/2022 39.4 53.1
4/28/2022 37.1 56.7
4/27/2022 62 58
4/26/2022 62.5 57.2
4/25/2022 62.5 57
4/22/2022 67.1 51.6
4/21/2022 66.9 22.5
4/20/2022 69.4 23.8
4/19/2022 69.9 24
4/18/2022 66.3 25
4/15/2022 68.5 29.5
4/14/2022 55.6 30.7
4/13/2022 50.6 31.7
4/12/2022 48.8 31.7
4/11/2022 57 29.9
4/8/2022 56.9 31
4/7/2022 56.9 31.5
4/6/2022 50.4 32.5
4/5/2022 50.4 36
4/4/2022 50.1 30.5
4/1/2022 46.5 32.2
3/31/2022 55.4 44.8
3/30/2022 59.1 45
3/29/2022 59.5 33.9
3/28/2022 56.9 35.3
3/25/2022 56.4 36.4
3/24/2022 54.3 51
3/23/2022 46.5 38.1
3/22/2022 48.8 38.4
3/21/2022 46.2 39.2
3/18/2022 47 40.3
3/17/2022 47.8 40.6
3/16/2022 40.9 40.9
3/15/2022 49.1 40.8
3/14/2022 54.6 59.7
3/11/2022 54.3 60.5
3/10/2022 55.8 60.7
3/9/2022 57.7 60.9
3/8/2022 57.1 64.1
3/7/2022 58.4 61
3/4/2022 59.1 66.1
3/3/2022 42 69.2
3/2/2022 46.8 72.9
 3/1/2022 42.3 67
2/28/2022 40.1 67.8
2/25/2022 41.8 72.6
2/24/2022 31.2 64.1
2/23/2022 31.5 65.2
2/22/2022 31.7 67.2
2/21/2022 18 58.5
2/18/2022 16.2 42.8
2/17/2022 12.9 45
2/16/2022 10.6 46.7
2/15/2022 -7.1 44
2/14/2022 -3.2 45.5
2/11/2022 -0.1 47.1
2/10/2022 -2.7 47.7
2/9/2022 -6.5 48.3
2/8/2022 -7.3 48
2/7/2022 -7.1 47.7
2/4/2022 -4.6 53.1
2/3/2022 -5.3 58.1
2/2/2022 -6.8 66.4
2/1/2022 -5.4 46.7
1/31/2022 -6.7 51.4
1/28/2022 -2.7 50.7
1/27/2022 0 65.7
1/26/2022 -16.1 60.7
1/25/2022 -19.8 61.1
1/24/2022 -22.1 58.2
1/21/2022 -3.4 40.4
1/20/2022 -2.6 40.9
1/19/2022 -1.2 41.3
1/18/2022 -10.7 42.2
1/17/2022 -0.5 34.2
1/14/2022 -2.9 35.9
1/13/2022 10.1 36.3
1/12/2022 11.6 34.4
1/11/2022 6 39.5
1/10/2022 5.1 40.4
1/7/2022 3.6 40.5
1/6/2022 3.9 40.1
1/5/2022 15.4 38
1/4/2022 14 40.7
1/3/2022 17.9 36.4
Source: Bloomberg
 Global Manufacturing Global Services Global Composite
Months PMI PMI PMI
Jan-23 49.1 50 49.7
Feb-23 49.9 52.5 52.1
Mar-23 49.6 54.3 53.3
Apr-23 49.5 55.2 54
May-23 49.5 55.3 54.3
Jun-23 48.7 53.8 52.6
Jul-23 48.6 52.6 51.6
Aug-23 49 51 50.6
Sep-23 49.2 50.7 50.5
Oct-23 48.8 50.4 50
Nov-23 49.3 50.7 50.5
Dec-23 49 51.6 51
Jan-24 50 52.3 51.8
Feb-24 50.3 52.4 52.1
Mar-24 50.6 52.4 52.3
Apr-24 50.3 52.7 52.3
May-24 51 54 53.7
Jun-24 50.8 53.1 52.9
Jul-24 49.7 53.3 52.5
Aug-24 49.6 53.8 52.8
Sep-24 48.7 52.9 51.9
Oct-24 49.4 53.1 52.3
Nov-24 50 53.1 52.4
Dec-24 49.6 53.8 52.6
Source: Bloomberg
 PMI Manufacturing
European
Date Canada U.S. U.K. Japan Union Global
Jan 2022 56.2 55.5 57.3 55.4 58.5 53.2
Feb 2022 56.6 57.3 58 52.7 57.9 53.8
Mar 2022 58.9 58.8 55.2 54.1 56.3 52.9
Apr 2022 56.2 59.2 55.8 53.5 55.3 52.3
May 2022 56.8 57 54.6 53.3 54.2 52.3
Jun 2022 54.6 52.7 52.8 52.7 51.6 52.2
Jul 2022 52.5 52.2 52.1 52.1 49.3 51.1
Aug 2022 48.7 51.5 47.3 51.5 49.1 50.3
Sep 2022 49.8 52 48.4 50.8 48.1 49.8
Oct 2022 48.8 50.4 46.2 50.7 46.1 49.4
Nov 2022 49.6 47.7 46.5 49 46.7 48.8
Dec 2022 49.2 46.2 45.3 48.9 47.5 48.7
Jan 2023 51 46.9 47 48.9 48.6 49.1
Feb 2023 52.4 47.3 49.3 47.7 48.3 49.9
Mar 2023 48.6 49.2 47.9 49.2 47.3 49.6
Apr 2023 50.2 50.2 47.8 49.5 45.8 49.6
May 2023 49 48.4 47.1 50.6 44.9 49.5
Jun 2023 48.8 46.3 46.5 49.8 43.4 48.7
Jul 2023 49.6 49 45.3 49.6 42.8 48.6
Aug 2023 48 47.9 43 49.6 43.5 49
Sep 2023 47.5 49.8 44.3 48.5 43.5 49.2
Oct 2023 48.6 50 44.8 48.7 43.3 48.8
Nov 2023 47.7 49.4 47.2 48.3 44.4 49.3
Dec 2023 45.4 47.9 46.2 47.9 44.5 49
Jan 2024 48.3 50.7 47 48 46.6 50
Feb 2024 49.7 52.2 47.5 47.2 46.5 50.3
Mar 2024 49.8 51.9 50.3 48.2 46.3 50.6
Apr 2024 49.4 50 49.1 49.6 45.8 50.3
May 2024 49.3 51.3 51.2 50.4 47.3 51
Jun 2024 49.3 51.6 50.9 50 45.8 50.8
Jul 2024 47.8 49.6 52.1 49.1 45.9 49.7
Aug 2024 49.5 47.9 52.5 49.8 46 49.6
Sep 2024 50.4 47.3 51.5 49.7 45.3 48.7
Oct 2024 51.1 48.5 49.9 49.2 46.3 49.4
Nov 2024 52 49.7 48 49 45.5 50
Dec 2024 52.2 49.4 47 49.6 45.3 49.6
Source:
Bloomberg
 PMI Manufacturing
Date Brazil Mexico China India Indonesia
Jan 2022 47.8 46.1 49.1 54 53.7
Feb 2022 49.6 48 50.4 54.9 51.2
Mar 2022 52.3 49.2 48.1 54 51.3
Apr 2022 51.8 49.3 46 54.7 51.9
May 2022 54.2 50.6 48.1 54.6 50.8
Jun 2022 54.1 52.2 51.7 53.9 50.2
Jul 2022 54 48.5 50.4 56.4 51.3
Aug 2022 51.9 48.5 49.5 56.2 51.7
Sep 2022 51.1 50.3 48.1 55.1 53.7
Oct 2022 50.8 50.3 49.2 55.3 51.8
Nov 2022 44.3 50.6 49.4 55.7 50.3
Dec 2022 44.2 51.3 49 57.8 50.9
Jan 2023 47.5 48.9 49.2 55.4 51.3
Feb 2023 49.2 51 51.6 55.3 51.2
Mar 2023 47 51 50 56.4 51.9
Apr 2023 44.3 51.1 49.5 57.2 52.7
May 2023 47.1 50.5 50.9 58.7 50.3
Jun 2023 46.6 50.9 50.5 57.8 52.5
Jul 2023 47.8 53.2 49.2 57.7 53.3
Aug 2023 50.1 51.2 51 58.6 53.9
Sep 2023 49 49.8 50.6 57.5 52.3
Oct 2023 48.6 52.1 49.5 55.5 51.5
Nov 2023 49.4 52.5 50.7 56 51.7
Dec 2023 48.4 52 50.8 54.9 52.2
Jan 2024 52.8 50.2 50.8 56.5 52.9
Feb 2024 54.1 52.3 50.9 56.9 52.7
Mar 2024 53.6 52.2 51.1 59.1 54.2
Apr 2024 55.9 51 51.4 58.8 52.9
May 2024 52.1 51.2 51.7 57.5 52.1
Jun 2024 52.5 51.1 51.8 58.3 50.7
Jul 2024 54 49.6 49.8 58.1 49.3
Aug 2024 50.4 48.5 50.4 57.5 48.9
Sep 2024 53.2 47.3 49.3 56.5 49.2
Oct 2024 52.9 48.4 50.3 57.5 49.2
Nov 2024 52.3 49.9 51.5 56.5 49.6
Dec 2024 50.4 49.8 50.5 56.4 51.2

Source: Bloomberg
Emerging Markets
50
50.9
49.2
48.1
49.5
51.7
50.8
50.2
49.4
49.8
49.7
49.8
49.9
51.6
50.7
50.5
51.4
51
50.2
51.3
50.9
50.1
50.9
50.9
51.1
51.5
52
52
51.9
52.1
50.7
50.8
49.8
50.6
51.6
50.9
 Inflation in AEs
Date US UK EU Japan
Jan-19 1.6 1.8 1.4 0.2
Feb-19 1.5 1.9 1.5 0.2
Mar-19 1.9 1.9 1.4 0.5
Apr-19 2.0 2.1 1.7 0.9
May-19 1.8 2.0 1.2 0.7
Jun-19 1.6 2.0 1.3 0.7
Jul-19 1.8 2.1 1.0 0.5
Aug-19 1.7 1.7 1.0 0.3
Sep-19 1.7 1.7 0.8 0.2
Oct-19 1.8 1.5 0.7 0.2
Nov-19 2.1 1.5 1.0 0.5
Dec-19 2.3 1.3 1.3 0.8
Jan-20 2.5 1.8 1.4 0.7
Feb-20 2.3 1.7 1.2 0.4
Mar-20 1.5 1.5 0.7 0.4
Apr-20 0.3 0.8 0.3 0.1
May-20 0.1 0.5 0.1 0.1
Jun-20 0.6 0.6 0.3 0.1
Jul-20 1.0 1.0 0.4 0.3
Aug-20 1.3 0.2 -0.2 0.2
Sep-20 1.4 0.5 -0.3 0.0
Oct-20 1.2 0.7 -0.3 -0.4
Nov-20 1.2 0.3 -0.3 -0.9
Dec-20 1.4 0.6 -0.3 -1.2
Jan-21 1.4 0.7 0.9 -0.7
Feb-21 1.7 0.4 0.9 -0.5
Mar-21 2.6 0.7 1.3 -0.4
Apr-21 4.2 1.5 1.6 -1.1
May-21 5.0 2.1 2.0 -0.8
Jun-21 5.4 2.5 1.9 -0.5
Jul-21 5.4 2.0 2.2 -0.3
Aug-21 5.3 3.2 3.0 -0.4
Sep-21 5.4 3.1 3.4 0.2
Oct-21 6.2 4.2 4.1 0.1
Nov-21 6.8 5.1 4.9 0.6
Dec-21 7.0 5.4 5.0 0.8
Jan-22 7.5 5.5 5.1 0.5
Feb-22 7.9 6.2 5.9 0.9
Mar-22 8.5 7.0 7.4 1.2
Apr-22 8.3 9.0 7.4 2.5
May-22 8.6 9.1 8.1 2.5
Jun-22 9.1 9.4 8.6 2.4
Jul-22 8.5 10.1 8.9 2.6
Aug-22 8.3 9.9 9.1 3.0
Sep-22 8.2 10.1 9.9 3.0
Oct-22 7.7 11.1 10.6 3.7
 Nov-22 7.1 10.7 10.1 3.8
Dec-22 6.5 10.5 9.2 4.0
Jan-23 6.4 10.1 8.6 4.3
Feb-23 6.0 10.4 8.5 3.3
Mar-23 5.0 10.1 6.9 3.2
Apr-23 4.9 8.7 7.0 3.5
May-23 4.0 8.7 6.1 3.2
Jun-23 3.0 7.9 5.5 3.3
Jul-23 3.2 6.8 5.3 3.3
Aug-23 3.7 6.7 5.2 3.2
Sep-23 3.7 6.7 4.3 3.0
Oct-23 3.2 4.6 2.9 3.3
Nov-23 3.1 3.9 2.4 2.8
Dec-23 3.4 4.0 2.9 2.6
Jan-24 3.1 4.0 2.8 2.2
Feb-24 3.2 3.4 2.6 2.8
Mar-24 3.5 3.2 2.4 2.7
Apr-24 3.4 2.3 2.4 2.5
May-24 3.3 2.0 2.6 2.8
Jun-24 3.0 2.0 2.5 2.8
Jul-24 2.9 2.2 2.6 2.8
Aug-24 2.5 2.2 2.2 3.0
Sep-24 2.4 1.7 1.7 2.5
[Link]
Oct-24 2.6 2.3 2.0 2.3
lc=en&pg=0&bp=true&snb=20&df[ds]=dsDisseminateF
Nov-24 2.7 2.6 2.9
inalDMZ&df[id]=DSD_PRICES
Dec-24 2.9 2.5
%40DF_PRICES_ALL&df[ag]=[Link]&df[vs]=1.0
Source: OECD
&tm=Inflation%20%28CPI%29&dq=G20%2BOECD
%2BUSA%2BGBR%2BTUR%2BCHE%2BSWE%2BESP
%2BSVN%2BSVK%2BPRT%2BPOL%2BNOR%2BNZL
%2BNLD%2BLUX%2BMEX%2BLTU%2BLVA%2BKOR
%2BJPN%2BITA%2BISR%2BIRL%2BISL%2BHUN
%2BGRC%2BDEU%2BFRA%2BFIN%2BEST%2BDNK
%2BCZE%2BCRI%2BCOL%2BCHL%2BCAN%2BBEL
%2BAUT
%[Link]._T.[Link]&lom=LASTNPERIODS&lo
=54&to[TIME_PERIOD]=false&lb=bt
 Inflation in EMEs
Date India Indonesia China Mexico
Jan-19 2.0 2.8 1.7 4.4
Feb-19 2.6 2.6 1.5 3.9
Mar-19 2.9 2.5 2.3 4.0
Apr-19 3.0 2.8 2.5 4.4
May-19 3.0 3.3 2.7 4.3
Jun-19 3.2 3.3 2.7 4.0
Jul-19 3.1 3.3 2.8 3.8
Aug-19 3.3 3.5 2.8 3.2
Sep-19 4.0 3.4 3.0 3.0
Oct-19 4.6 3.1 3.8 3.0
Nov-19 5.5 3.0 4.5 3.0
Dec-19 7.4 2.7 4.5 2.8
Jan-20 7.6 2.7 5.4 3.2
Feb-20 6.6 3.0 5.2 3.7
Mar-20 5.8 3.0 4.3 3.3
Apr-20 7.2 2.7 3.3 2.2
May-20 6.3 2.2 2.4 2.8
Jun-20 6.2 2.0 2.5 3.3
Jul-20 6.7 1.5 2.7 3.6
Aug-20 6.7 1.3 2.4 4.1
Sep-20 7.3 1.4 1.7 4.0
Oct-20 7.6 1.4 0.5 4.1
Nov-20 6.9 1.6 -0.5 3.3
Dec-20 4.6 1.7 0.2 3.2
Jan-21 4.1 1.6 -0.3 3.5
Feb-21 5.0 1.4 -0.2 3.8
Mar-21 5.5 1.4 0.4 4.7
Apr-21 4.2 1.4 0.9 6.1
May-21 6.3 1.7 1.3 5.9
Jun-21 6.3 1.3 1.1 5.9
Jul-21 5.6 1.5 1.0 5.8
Aug-21 5.3 1.6 0.8 5.6
Sep-21 4.3 1.6 0.7 6.0
Oct-21 4.5 1.7 1.5 6.2
Nov-21 4.9 1.8 2.3 7.4
Dec-21 5.7 1.9 1.5 7.4
Jan-22 6.0 2.2 0.9 7.1
Feb-22 6.1 2.1 0.9 7.3
Mar-22 7.0 2.6 1.5 7.5
Apr-22 7.8 3.5 2.1 7.7
May-22 7.0 3.6 2.1 7.7
Jun-22 7.0 4.4 2.5 8.0
Jul-22 6.7 4.9 2.7 8.2
Aug-22 7.0 4.7 2.5 8.7
Sep-22 7.4 6.0 2.8 8.7
Oct-22 6.8 5.7 2.1 8.4
 Nov-22 5.9 5.4 1.6 7.8
Dec-22 5.7 5.5 1.8 7.8
Jan-23 6.5 5.3 2.1 7.9
Feb-23 6.4 5.5 1.0 7.6
Mar-23 5.7 5.0 0.7 6.9
Apr-23 4.7 4.4 0.1 6.3
May-23 4.3 4.1 0.2 5.8
Jun-23 4.9 3.5 0.0 5.1
Jul-23 7.4 3.1 -0.3 4.8
Aug-23 6.8 3.5 0.1 4.6
Sep-23 5.0 2.3 0.0 4.5
Oct-23 4.9 2.6 -0.2 4.3
Nov-23 5.6 3.0 -0.5 4.3
Dec-23 5.7 2.8 -0.3 4.7
Jan-24 5.1 2.6 -0.8 4.9
Feb-24 5.1 2.8 0.7 4.4
Mar-24 4.9 3.1 0.1 4.4
Apr-24 4.8 3.0 0.3 4.7
May-24 4.8 2.8 0.3 4.7
Jun-24 5.1 2.5 0.2 5.0
Jul-24 3.6 2.1 0.5 5.6
Aug-24 3.7 2.1 0.6 5.0
Sep-24 5.5 1.8 0.4 4.6
[Link]
Oct-24 6.2 1.7 0.3 4.8
lc=en&pg=0&bp=true&snb=20&df[ds]=dsDisseminateF
Nov-24 5.48 1.55 0.2 4.55
inalDMZ&df[id]=DSD_PRICES
Dec-24 5.22 1.57 0.1
%40DF_PRICES_ALL&df[ag]=[Link]&df[vs]=1.04.21
&tm=Inflation%20%28CPI%29&dq=G20%2BOECD
Source: OECD and MoSPI
%2BUSA%2BGBR%2BTUR%2BCHE%2BSWE%2BESP
%2BSVN%2BSVK%2BPRT%2BPOL%2BNOR%2BNZL
%2BNLD%2BLUX%2BMEX%2BLTU%2BLVA%2BKOR
%2BJPN%2BITA%2BISR%2BIRL%2BISL%2BHUN
%2BGRC%2BDEU%2BFRA%2BFIN%2BEST%2BDNK
[Link]
%2BCZE%2BCRI%2BCOL%2BCHL%2BCAN%2BBEL
%2BAUT
%[Link]._T.[Link]&lom=LASTNPERIODS&lo
=54&to[TIME_PERIOD]=false&lb=bt
 Indices of global shipping prices
Date Shanghai Baltic dry WCI global
6/2/2023 102.5 65.7 100.5
6/9/2023 97.6 75.4 100.4
6/16/2023 93.1 76.9 95.1
6/23/2023 92.1 88.6 91.8
6/30/2023 95.0 78.0 89.3
7/7/2023 92.8 72.1 88.1
7/14/2023 97.5 77.9 88.9
7/21/2023 96.3 69.9 91.8
7/28/2023 102.5 79.3 94.1
8/4/2023 103.5 81.2 105.2
8/11/2023 103.9 80.7 107.0
8/18/2023 102.7 88.4 109.5
8/25/2023 101.0 77.2 105.6
9/1/2023 103.0 76.1 103.9
9/8/2023 99.5 84.8 100.4
9/15/2023 94.5 98.7 93.3
9/22/2023 90.8 113.9 88.4
9/29/2023 88.3 121.6 83.9
10/6/2023 88.3 137.9 83.0
10/13/2023 88.8 139.0 81.8
10/20/2023 91.4 146.2 81.5
10/27/2023 100.9 111.7 80.1
11/3/2023 106.4 104.5 84.0
11/10/2023 102.6 117.4 89.8
11/17/2023 99.6 130.1 87.8
11/24/2023 98.9 150.2 82.7
12/1/2023 100.7 228.2 82.6
12/8/2023 102.8 177.5 87.3
12/15/2023 108.9 167.8 90.9
12/22/2023 125.0 149.7 99.2
12/29/2023 175.3 149.7 99.2
1/5/2024 188.9 150.8 159.5
1/12/2024 219.7 104.4 183.6
1/19/2024 223.1 107.4 225.6
1/26/2024 217.0 108.5 236.8
2/2/2024 220.9 100.6 228.4
2/9/2024 215.8 110.4 226.2
2/16/2024 215.8 115.1 223.0
2/23/2024 210.2 133.4 218.6
3/1/2024 197.1 157.5 208.7
3/8/2024 187.8 167.6 196.4
3/15/2024 176.6 169.7 188.9
3/22/2024 172.6 157.0 179.8
3/29/2024 172.4 130.2 175.0
4/5/2024 173.9 116.4 169.4
4/12/2024 175.0 123.6 167.0
4/19/2024 176.3 137.2 162.4
4/26/2024 193.3 123.0 161.6
5/3/2024 193.3 134.1 162.8
5/10/2024 229.7 152.2 188.7
5/17/2024 251.1 131.8 209.7
5/24/2024 269.3 128.4 243.3
5/31/2024 303.3 129.7 252.5
6/7/2024 317.2 134.4 281.8
6/14/2024 336.6 139.2 286.8
6/21/2024 346.2 142.7 305.7
6/28/2024 370.0 146.5 317.7
7/5/2024 371.9 140.5 350.6
7/12/2024 366.0 142.7 352.5
7/19/2024 352.8 135.9 354.7
7/26/2024 343.4 129.2 346.9
8/2/2024 332.0 119.7 342.7
8/9/2024 324.1 119.4 331.6
8/16/2024 326.8 120.9 324.3
8/23/2024 308.5 125.9 317.8
8/30/2024 295.2 129.7 309.5
9/6/2024 271.6 138.7 285.3
9/13/2024 250.1 135.1 249.0
9/20/2024 235.7 141.3 237.2
9/27/2024 212.7 150.8 220.5
10/4/2024 212.7 137.8 208.5
10/11/2024 205.4 129.3 200.1
10/18/2024 205.4 113.9 192.1
10/25/2024 217.7 100.8 184.9
11/1/2024 229.4 98.5 192.0
11/8/2024 232.2 106.9 205.7
11/15/2024 224.3 127.6 205.5
11/22/2024 215.2 112.6 203.9
Source: OECD Economic Outlook, Volume 2024 Issue 2
 Commodity Indices
Month Total Commodity Index Energy Agriculture

Jan-20 78.77 76.06 88.16

Feb-20 71.19 66.31 85.59
Mar-20 54.31 42.65 82.78
Apr-20 46.24 31.63 81.12
May-20 51.55 39.25 81.15
Jun-20 58.79 48.52 83.15
Jul-20 61.68 51.65 84.01
Aug-20 64.56 54.30 86.70
Sep-20 63.20 51.17 89.27
Oct-20 63.96 51.62 91.19
Nov-20 67.67 55.30 94.66
Dec-20 74.85 63.75 97.12
Jan-21 80.44 69.88 102.23
Feb-21 88.39 80.38 103.75
Mar-21 88.95 80.77 102.94
Apr-21 90.06 80.80 105.62
May-21 96.11 86.28 111.24
Jun-21 100.74 93.92 108.69
Jul-21 103.80 98.29 108.23
Aug-21 102.23 96.32 109.36
Sep-21 109.04 107.18 108.22
Oct-21 121.33 123.37 110.25
Nov-21 115.58 115.01 111.23
Dec-21 114.11 112.37 111.09
Jan-22 121.81 121.31 115.44
Feb-22 131.44 133.31 120.78
Mar-22 157.11 166.73 129.14
Apr-22 148.39 153.19 130.37
May-22 153.23 163.63 129.75
Jun-22 157.98 173.48 124.79
Jul-22 153.07 171.75 115.58
Aug-22 153.93 172.77 115.20
Sep-22 143.27 158.17 113.84
Oct-22 134.69 146.17 112.96
Nov-22 130.36 139.44 112.35
Dec-22 125.01 130.92 111.60
Jan-23 117.88 119.29 112.17
Feb-23 111.91 110.53 113.29
Mar-23 106.24 103.47 111.01
Apr-23 110.65 109.26 114.09
May-23 101.06 96.91 111.48
Jun-23 99.30 95.17 109.12
 Jul-23 103.40 100.86 109.90
Aug-23 108.35 108.71 108.74
Sep-23 114.98 117.73 110.75
Oct-23 113.07 115.68 109.30
Nov-23 107.31 106.20 111.02
Dec-23 102.30 99.61 109.74
Jan-24 103.16 101.18 109.22
Feb-24 103.96 102.22 110.51
Mar-24 106.11 104.23 113.73
Apr-24 111.57 109.59 118.13
May-24 106.90 102.62 115.47
Jun-24 107.20 103.77 115.66
Jul-24 107.87 105.98 113.61
Aug-24 104.94 102.65 112.01
Sep-24 100.93 95.37 115.14
Oct-24 103.05 97.67 115.97
Nov-24 102.28 96.49 117.10
Dec-24 103.02 96.50 121.08
Source: World Bank Pink Sheet
[Link]
Metals & Minerals

77.70
73.02
68.71
65.55
68.01
73.68
79.09
83.48
85.12
85.49
90.28
99.65
102.84
106.39
110.22
115.32
125.79
124.27
124.52
119.04
116.81
121.38
114.02
116.72
125.23
131.18
141.28
138.09
122.46
115.70
100.15
103.81
97.77
96.09
100.92
107.60
114.01
112.04
108.40
107.38
100.52
101.22
 101.59
99.64
101.16
98.46
101.16
102.38
102.03
100.11
101.47
110.53
116.64
110.62
106.84
103.50
105.39
110.65
107.17
105.95

ity-markets
Commodity Group 2022 2023 2024f 2025f 2026f
Total Commodity Index 142.5 108.0 104.3 99.0 97.3
Energy 152.6 106.9 100.8 94.5 92.5
Agriculture 119.3 110.9 113.2 108.4 107.9
Metals and Minerals 115.0 104.0 107.7 106.8 103.7
Source: World Bank Commodity Price Forecasts (October 2024)
Note: ‘f’ refers to forecast

[Link]
 FOMC Members' assessment of long-run policy rate

Year Rate Year Rate Year Rate

4.50 3 5.00 3.75 5.00 3.875
5.50 3 4.50 3.5 5.00 3.75
1.00 2.5 5.50 3.5 4.5 3.625
2.00 2.5 5.00 3 5.50 3.625
3.00 2.5 5.00 2.875 4.5 3.5
4.00 2.5 5.00 2.75 5.50 3.5
5.00 2.5 5.00 2.625 5.00 3.375
6.00 2.5 1.5 2.5 5.00 3.125
7.00 2.5 2.50 2.5 4.00 3
8.00 2.5 3.50 2.5 5.00 3
9.00 2.5 4.50 2.5 6.00 3
5.00 2.375 5.50 2.5 3.50 2.875
3.50 2.25 6.50 2.5 4.50 2.875
4.50 2.25 7.50 2.5 5.50 2.875
5.50 2.25 8.50 2.5 6.50 2.875
6.50 2.25 4.00 2.375 5.00 2.75
Dec-21 5.00 2 5.00 2.375 5.00 2.625
Dec-23 6.00 2.375 Dec-24 5.00 2.5
5.00 2.375

Source: Respective editions of Summary of Economic Projections, FOMC

December 2024 Projections -
[Link]
 Policy rate in AEs
USA UK Euro Area Japan
Jan-19 2.4 0.8 0.0 -0.1
Feb-19 2.4 0.8 0.0 -0.1
Mar-19 2.4 0.8 0.0 -0.1
Apr-19 2.4 0.8 0.0 -0.1
May-19 2.4 0.8 0.0 -0.1
Jun-19 2.4 0.8 0.0 -0.1
Jul-19 2.4 0.8 0.0 -0.1
Aug-19 2.1 0.8 0.0 -0.1
Sep-19 1.9 0.8 0.0 -0.1
Oct-19 1.6 0.8 0.0 -0.1
Nov-19 1.6 0.8 0.0 -0.1
Dec-19 1.6 0.8 0.0 -0.1
Jan-20 1.6 0.8 0.0 -0.1
Feb-20 1.6 0.8 0.0 -0.1
Mar-20 0.1 0.1 0.0 -0.1
Apr-20 0.1 0.1 0.0 -0.1
May-20 0.1 0.1 0.0 -0.1
Jun-20 0.1 0.1 0.0 -0.1
Jul-20 0.1 0.1 0.0 -0.1
Aug-20 0.1 0.1 0.0 -0.1
Sep-20 0.1 0.1 0.0 -0.1
Oct-20 0.1 0.1 0.0 -0.1
Nov-20 0.1 0.1 0.0 -0.1
Dec-20 0.1 0.1 0.0 -0.1
Jan-21 0.1 0.1 0.0 -0.1
Feb-21 0.1 0.1 0.0 -0.1
Mar-21 0.1 0.1 0.0 -0.1
Apr-21 0.1 0.1 0.0 -0.1
May-21 0.1 0.1 0.0 -0.1
Jun-21 0.1 0.1 0.0 -0.1
Jul-21 0.1 0.1 0.0 -0.1
Aug-21 0.1 0.1 0.0 -0.1
Sep-21 0.1 0.1 0.0 -0.1
Oct-21 0.1 0.1 0.0 -0.1
Nov-21 0.1 0.1 0.0 -0.1
Dec-21 0.1 0.3 0.0 -0.1
Jan-22 0.1 0.3 0.0 -0.1
Feb-22 0.1 0.5 0.0 -0.1
Mar-22 0.4 0.8 0.0 -0.1
Apr-22 0.4 0.8 0.0 -0.1
May-22 0.9 1.0 0.0 -0.1
Jun-22 1.6 1.3 0.0 -0.1
Jul-22 2.4 1.3 0.5 -0.1
Aug-22 2.4 1.8 0.5 -0.1
Sep-22 3.1 2.3 1.3 -0.1
Oct-22 3.1 2.3 1.3 -0.1
Nov-22 3.9 3.0 2.0 -0.1
Dec-22 4.4 3.5 2.5 -0.1
Jan-23 4.4 3.5 2.5 -0.1
Feb-23 4.6 4.0 3.0 -0.1
Mar-23 4.9 4.3 3.5 -0.1
Apr-23 4.9 4.3 3.5 -0.1
May-23 5.1 4.5 3.8 -0.1
Jun-23 5.1 5.0 4.0 -0.1
Jul-23 5.4 5.0 4.0 -0.1
Aug-23 5.4 5.3 4.3 -0.1
Sep-23 5.4 5.3 4.5 -0.1
Oct-23 5.4 5.3 4.5 -0.1
Nov-23 5.4 5.3 4.5 -0.1
Dec-23 5.4 5.3 4.5 -0.1
Jan-24 5.4 5.3 4.5 -0.1
Feb-24 5.4 5.3 4.5 -0.1
Mar-24 5.4 5.3 4.5 0.1
Apr-24 5.4 5.3 4.5 0.1
May-24 5.4 5.3 4.5 0.1
Jun-24 5.4 5.3 4.3 0.1
Jul-24 5.4 5.3 4.3 0.1
Aug-24 5.4 5.0 4.3 0.3
Sep-24 4.9 5.0 3.5 0.3
Oct-24 4.9 5.0 3.3 0.3
Nov-24 4.6 4.8 3.3 0.3
Dec-24 4.4 4.8 3.0 0.3
Source: Bank for International Settlements
[Link]
 Policy rate in EMEs
India Indonesia Mexico China
Jan-19 6.5 6.0 8.3 4.4
Feb-19 6.3 6.0 8.3 4.4
Mar-19 6.3 6.0 8.3 4.4
Apr-19 6.0 6.0 8.3 4.4
May-19 6.0 6.0 8.3 4.4
Jun-19 5.8 6.0 8.3 4.4
Jul-19 5.8 5.8 8.3 4.4
Aug-19 5.4 5.5 8.0 4.3
Sep-19 5.4 5.3 7.8 4.2
Oct-19 5.2 5.0 7.8 4.2
Nov-19 5.2 5.0 7.5 4.2
Dec-19 5.2 5.0 7.3 4.2
Jan-20 5.2 5.0 7.3 4.2
Feb-20 5.2 4.8 7.0 4.1
Mar-20 4.4 4.5 6.5 4.1
Apr-20 4.4 4.5 6.0 3.9
May-20 4.0 4.5 5.5 3.9
Jun-20 4.0 4.3 5.0 3.9
Jul-20 4.0 4.0 5.0 3.9
Aug-20 4.0 4.0 4.5 3.9
Sep-20 4.0 4.0 4.3 3.9
Oct-20 4.0 4.0 4.3 3.9
Nov-20 4.0 3.8 4.3 3.9
Dec-20 4.0 3.8 4.3 3.9
Jan-21 4.0 3.8 4.3 3.9
Feb-21 4.0 3.5 4.0 3.9
Mar-21 4.0 3.5 4.0 3.9
Apr-21 4.0 3.5 4.0 3.9
May-21 4.0 3.5 4.0 3.9
Jun-21 4.0 3.5 4.3 3.9
Jul-21 4.0 3.5 4.3 3.9
Aug-21 4.0 3.5 4.5 3.9
Sep-21 4.0 3.5 4.5 3.9
Oct-21 4.0 3.5 4.8 3.9
Nov-21 4.0 3.5 5.0 3.9
Dec-21 4.0 3.5 5.5 3.8
Jan-22 4.0 3.5 5.5 3.7
Feb-22 4.0 3.5 6.0 3.7
Mar-22 4.0 3.5 6.5 3.7
Apr-22 4.0 3.5 6.5 3.7
May-22 4.4 3.5 7.0 3.7
Jun-22 4.9 3.5 7.8 3.7
Jul-22 4.9 3.5 7.8 3.7
Aug-22 5.4 3.8 8.5 3.7
Sep-22 5.9 4.3 9.3 3.7
Oct-22 5.9 4.8 9.3 3.7
Nov-22 5.9 5.3 10.0 3.7
Dec-22 6.3 5.5 10.5 3.7
Jan-23 6.3 5.8 10.5 3.7
Feb-23 6.5 5.8 11.0 3.7
Mar-23 6.5 5.8 11.3 3.7
Apr-23 6.5 5.8 11.3 3.7
May-23 6.5 5.8 11.3 3.7
Jun-23 6.5 5.8 11.3 3.6
Jul-23 6.5 5.8 11.3 3.6
Aug-23 6.5 5.8 11.3 3.5
Sep-23 6.5 5.8 11.3 3.5
Oct-23 6.5 6.0 11.3 3.5
Nov-23 6.5 6.0 11.3 3.5
Dec-23 6.5 6.0 11.3 3.5 0.5
Jan-24 6.5 6.0 11.3 3.5
Feb-24 6.5 6.0 11.3 3.5
Mar-24 6.5 6.0 11.0 3.5
Apr-24 6.5 6.3 11.0 3.5
May-24 6.5 6.3 11.0 3.5
Jun-24 6.5 6.3 11.0 3.5
Jul-24 6.5 6.3 11.0 3.4
Aug-24 6.5 6.3 10.8 3.4
Sep-24 6.5 6.0 10.5 3.4
Oct-24 6.5 6.0 10.5 3.1
Nov-24 6.5 6 10.25 3.1
Dec-24 6.5 6 10 3.1
Source: Bank for International Settlements
[Link]
 10-yr Sovereign Govt Bond Yields (%) in AEs
US UK EU Japan
Jan-19 2.7 1.3 0.2 0.0
Feb-19 2.7 1.2 0.1 0.0
Mar-19 2.6 1.1 0.1 0.0
Apr-19 2.5 1.1 0.0 0.0
May-19 2.4 1.1 -0.1 -0.1
Jun-19 2.1 0.8 -0.3 -0.1
Jul-19 2.1 0.7 -0.3 -0.1
Aug-19 1.6 0.5 -0.6 -0.2
Sep-19 1.7 0.6 -0.6 -0.2
Oct-19 1.7 0.6 -0.4 -0.2
Nov-19 1.8 0.7 -0.3 -0.1
Dec-19 1.9 0.8 -0.3 0.0
Jan-20 1.8 0.7 -0.3 0.0
Feb-20 1.5 0.6 -0.4 -0.1
Mar-20 0.9 0.4 -0.5 0.0
Apr-20 0.6 0.3 -0.4 0.0
May-20 0.7 0.2 -0.5 0.0
Jun-20 0.7 0.2 -0.4 0.0
Jul-20 0.6 0.2 -0.5 0.0
Aug-20 0.6 0.2 -0.5 0.0
Sep-20 0.7 0.2 -0.5 0.0
Oct-20 0.8 0.2 -0.6 0.0
Nov-20 0.9 0.3 -0.6 0.0
Dec-20 0.9 0.3 -0.6 0.0
Jan-21 1.1 0.3 -0.5 0.0
Feb-21 1.2 0.6 -0.4 0.1
Mar-21 1.6 0.8 -0.3 0.1
Apr-21 1.6 0.8 -0.3 0.1
May-21 1.6 0.8 -0.2 0.1
Jun-21 1.5 0.8 -0.2 0.1
Jul-21 1.3 0.6 -0.3 0.0
Aug-21 1.3 0.6 -0.5 0.0
Sep-21 1.4 0.8 -0.3 0.1
Oct-21 1.6 1.1 -0.1 0.1
Nov-21 1.6 0.9 -0.3 0.1
Dec-21 1.5 0.8 -0.3 0.1
Jan-22 1.8 1.2 -0.1 0.1
Feb-22 1.9 1.4 0.2 0.2
Mar-22 2.1 1.5 0.3 0.2
Apr-22 2.7 1.8 0.8 0.2
May-22 2.9 1.9 1.0 0.2
Jun-22 3.1 2.4 1.5 0.2
Jul-22 2.9 2.1 1.1 0.2
Aug-22 2.9 2.2 1.1 0.2
Sep-22 3.5 3.4 1.8 0.2
Oct-22 4.0 4.0 2.2 0.3
Nov-22 3.9 3.3 2.1 0.3
Dec-22 3.6 3.4 2.1 0.3
Jan-23 3.5 3.4 2.2 0.5
Feb-23 3.7 3.4 2.4 0.5
Mar-23 3.7 3.5 2.4 0.4
Apr-23 3.5 3.6 2.4 0.5
May-23 3.6 3.9 2.4 0.4
Jun-23 3.7 4.3 2.4 0.4
Jul-23 3.9 4.4 2.5 0.5
Aug-23 4.2 4.5 2.6 0.6
Sep-23 4.4 4.4 2.7 0.7
Oct-23 4.8 4.5 2.8 0.8
Nov-23 4.5 4.2 2.6 0.8
Dec-23 4.0 3.8 2.1 0.7
Jan-24 4.0 3.8 2.2 0.7
Feb-24 4.2 4.1 2.4 0.7
Mar-24 4.2 4.0 2.4 0.7
Apr-24 4.5 4.2 2.5 0.8
May-24 4.5 4.2 2.5 1.0
Jun-24 4.3 4.1 2.5 1.0
Jul-24 4.2 4.1 2.5 1.1
Aug-24 3.9 3.9 2.2 0.9
Sep-24 3.7 3.9 2.2 0.9
Oct-24 4.1 4.2 2.2 0.9
Nov-24 4.4 4.4 2.3 1.0
Dec-24 4.4 4.4 2.2 1.1
Source: Bloomberg
 10 yr Sovereign Bond Yields in EMEs (%)
India Indonesia China Mexico
Jan-19 7.4 8.0 3.1 8.6
Feb-19 7.4 7.9 3.1 8.3
Mar-19 7.4 7.7 3.1 8.0
Apr-19 7.4 7.6 3.3 8.0
May-19 7.3 8.0 3.3 8.1
Jun-19 6.9 7.5 3.3 7.8
Jul-19 6.5 7.2 3.2 7.5
Aug-19 6.5 7.4 3.1 7.2
Sep-19 6.7 7.3 3.1 7.0
Oct-19 6.5 7.1 3.2 6.8
Nov-19 6.5 7.0 3.2 7.0
Dec-19 6.6 7.1 3.2 7.0
Jan-20 6.6 6.8 3.1 6.8
Feb-20 6.4 6.6 2.8 6.6
Mar-20 6.2 7.4 2.7 7.3
Apr-20 6.3 7.9 2.5 7.0
May-20 5.9 7.7 2.7 6.2
Jun-20 5.8 7.1 2.8 6.0
Jul-20 5.8 7.0 3.0 5.7
Aug-20 6.0 6.8 3.0 5.9
Sep-20 6.0 6.9 3.1 6.0
Oct-20 5.9 6.8 3.2 6.2
Nov-20 5.9 6.3 3.3 6.0
Dec-20 5.9 6.1 3.3 5.6
Jan-21 5.9 6.1 3.2 5.6
Feb-21 6.1 6.3 3.2 5.8
Mar-21 6.2 6.7 3.2 6.5
Apr-21 6.1 6.5 3.2 6.7
May-21 6.0 6.4 3.1 6.8
Jun-21 6.0 6.5 3.1 6.8
Jul-21 6.2 6.4 3.0 6.9
Aug-21 6.2 6.3 2.9 7.0
Sep-21 6.2 6.1 2.9 7.1
Oct-21 6.3 6.1 3.0 7.5
Nov-21 6.3 6.0 2.9 7.5
Dec-21 6.4 6.3 2.9 7.5
Jan-22 6.6 6.4 2.8 7.7
Feb-22 6.8 6.5 2.8 7.8
Mar-22 6.8 6.7 2.8 8.4
Apr-22 7.1 6.9 2.8 8.8
May-22 7.3 7.2 2.8 8.9
Jun-22 7.5 7.3 2.8 9.1
Jul-22 7.4 7.3 2.8 9.0
Aug-22 7.3 7.1 2.7 8.7
Sep-22 7.2 7.2 2.7 9.3
Oct-22 7.4 7.4 2.7 9.8
Nov-22 7.3 7.1 2.8 9.4
Dec-22 7.3 6.9 2.9 8.9
Jan-23 7.3 6.8 2.9 8.7
Feb-23 7.4 6.7 2.9 9.0
Mar-23 7.4 6.9 2.9 9.1
Apr-23 7.2 6.6 2.8 8.9
May-23 7.0 6.4 2.7 8.8
Jun-23 7.0 6.3 2.7 8.8
Jul-23 7.1 6.2 2.6 8.8
Aug-23 7.2 6.4 2.6 9.2
Sep-23 7.2 6.6 2.7 9.7
Oct-23 7.3 7.0 2.7 10.0
Nov-23 7.3 6.8 2.7 9.6
Dec-23 7.2 6.5 2.6 9.2
Jan-24 7.2 6.6 2.5 9.2
Feb-24 7.1 6.6 2.4 9.3
Mar-24 7.1 6.6 2.3 9.3
Apr-24 7.2 6.9 2.3 9.8
May-24 7.1 7.0 2.3 9.7
Jun-24 7.0 7.0 2.3 10.0
Jul-24 7.0 7.0 2.2 9.9
Aug-24 6.9 6.7 2.2 9.6
Sep-24 6.8 6.5 2.1 9.4
Oct-24 6.8 6.7 2.2 9.8
Nov-24 6.8 6.8 2.1 10.0
Dec-24 6.7 7.0 1.8 10.2
Source: Bloomberg
 GPR (yearly GPR (yearly
Month GPR average)-2023 average)-2024
Jan-23 104.3 121.7
Feb-23 121.0 121.7
Mar-23 105.4 121.7
Apr-23 106.8 121.7
May-23 108.5 121.7
Jun-23 110.5 121.7
Jul-23 107.4 121.7
Aug-23 101.1 121.7
Sep-23 98.8 121.7
Oct-23 197.9 121.7
Nov-23 156.7 121.7
Dec-23 142.1 121.7
Jan-24 159.75 133.6
Feb-24 146.50 133.6
Mar-24 133.02 133.6
Apr-24 163.74 133.6
May-24 130.41 133.6
Jun-24 112.54 133.6
Jul-24 91.88 133.6
Aug-24 140.30 133.6
Sep-24 130.16 133.6
Oct-24 130.66 133.6
Nov-24 128.17 133.6
Dec-24 136.17 133.6
Source: Economic Policy Uncertainty
[Link]
Note: GPR - Geopolitical Risk Index
 WTUI (yearly WTUI (yearly
Month WTUI average)-2023 average)-2024
Mar-23 22.98 8.5
Jun-23 7.23 8.5
Sep-23 1.87 8.5
Dec-23 1.92 8.5
Mar-24 3.03 13.0
Jun-24 1.91 13.0
Sep-24 9.88 13.0
Dec-24 37.35 13.0
Source: Economic Policy Uncertainty
WTUI - World Trade Uncertainty Index
[Link]
 Series1 Series2 Series3
Se
40 rie
s1
2

0
0 1
1
 Average growth over FY15
and FY24 (excluding FY21
FY25 and FY22)
Agriculture
GVA 3.8 3.5
Industry
GVA 6.2 5.7
Services
GVA 7.2 8.2
GVA 6.4 6.6
GDP 6.4 7.0

Source: Calculations based on Statement 13: Annual and

Quarterly Estimates of GDP at constant prices, MoSPI
Note: FY25 values are First Advance Estimates.
[Link]
 Deseasonalised Pre pandemic
Time period GVA trend
Jun-11 1.00 1979262 1905337
Sep-11 2.00 1968216 1947733
Dec-11 3.00 2047060 1990129
Mar-12 4.00 2109935 2032525
Jun-12 5.00 2084967 2074921
Sep-12 6.00 2102069 2117317
Dec-12 7.00 2151484 2159713
Mar-13 8.00 2210601 2202109
Jun-13 9.00 2213864 2244505
Sep-13 10.00 2241515 2286901
Dec-13 11.00 2293177 2329297
Mar-14 12.00 2323231 2371693
Jun-14 13.00 2377035 2414089
Sep-14 14.00 2417238 2456485
Dec-14 15.00 2445200 2498881
Mar-15 16.00 2481636 2541277
Jun-15 17.00 2551221 2583674
Sep-15 18.00 2608013 2626070
Dec-15 19.00 2635301 2668466
Mar-16 20.00 2702108 2710862
Jun-16 21.00 2783933 2753258
Sep-16 22.00 2820542 2795654
Dec-16 23.00 2837969 2838050
Mar-17 24.00 2882469 2880446
Jun-17 25.00 2927684 2922842
Sep-17 26.00 2982429 2965238
Dec-17 27.00 3025169 3007634
Mar-18 28.00 3083315 3050030
Jun-18 29.00 3157703 3092426
Sep-18 30.00 3176135 3134822
Dec-18 31.00 3166486 3177218
Mar-19 32.00 3204488 3219614
Jun-19 33.00 3345790 3262010
Sep-19 34.00 3319326 3304406
Dec-19 35.00 3255863 3346802
Mar-20 36.00 3283220 3389199
Jun-20 37.00 2686220 3431595
Sep-20 38.00 3148431 3473991
Dec-20 39.00 3348307 3516387
Mar-21 40.00 3454020 3558783
Jun-21 41.00 3281844 3601179
Sep-21 42.00 3466030 3643575
Dec-21 43.00 3522714 3685971
Mar-22 44.00 3592004 3728367
Jun-22 45.00 3643019 3770763
Sep-22 46.00 3650984 3813159
Dec-22 47.00 3703688 3855555
Mar-23 48.00 3809535 3897951
Jun-23 49.00 3917905 3940347
Sep-23 50.00 3943765 3982743
Dec-23 51.00 3962034 4025139
Mar-24 52.00 4054597 4067535
Jun-24 53.00 4166344 4109931
Sep-24 54.00 4176098 4152327
Source: Calculations based on Statement 13: Annual and
Quarterly Estimates of GDP at constant prices, MoSPI
[Link]
 Time Deseasonalised Pre pandemic
period Agriculture GVA trend
Jun-11 1.00 371944 359473
Sep-11 2.00 369760 363162
Dec-11 3.00 377323 366851
Mar-12 4.00 380241 370541
Jun-12 5.00 377887 374230
Sep-12 6.00 375082 377919
Dec-12 7.00 382478 381609
Mar-13 8.00 386904 385298
Jun-13 9.00 392240 388987
Sep-13 10.00 391427 392676
Dec-13 11.00 410990 396366
Mar-14 12.00 409263 400055
Jun-14 13.00 399821 403744
Sep-14 14.00 399750 407434
Dec-14 15.00 403108 411123
Mar-15 16.00 404103 414812
Jun-15 17.00 406425 418502
Sep-15 18.00 405916 422191
Dec-15 19.00 399544 425880
Mar-16 20.00 407809 429569
Jun-16 21.00 423900 433259
Sep-16 22.00 427337 436948
Dec-16 23.00 433345 440637
Mar-17 24.00 440021 444327
Jun-17 25.00 448264 448016
Sep-17 26.00 453487 451705
Dec-17 27.00 462151 455395
Mar-18 28.00 472588 459084
Jun-18 29.00 470003 462773
Sep-18 30.00 471407 466462
Dec-18 31.00 470150 470152
Mar-19 32.00 467431 473841
Jun-19 33.00 490570 477530
Sep-19 34.00 494479 481220
Dec-19 35.00 499531 484909
Mar-20 36.00 506914 488598
Jun-20 37.00 509979 492288
Sep-20 38.00 514782 495977
Dec-20 39.00 523540 499666
Mar-21 40.00 522092 503355
Jun-21 41.00 534240 507045
Sep-21 42.00 544904 510734
Dec-21 43.00 541541 514423
Mar-22 44.00 547720 518113
Jun-22 45.00 549851 521802
Sep-22 46.00 558307 525491
Dec-22 47.00 570042 529181
Mar-23 48.00 587472 532870
Jun-23 49.00 571234 536559
Sep-23 50.00 568960 540248
Dec-23 51.00 572575 543938
Mar-24 52.00 589512 547627
Jun-24 53.00 583123 551316
Sep-24 54.00Estimates of GDP
and Quarterly 589463 555006
at constant prices,
MoSPI
[Link]
 Deseasonalised Pre pandemic
Time period Industry GVA trend
Jun-11 1.00 653116.5766877 617592.1647342
Sep-11 2.00 642776.2898907 629594.1932526
Dec-11 3.00 661933.7353972 641596.221771
Mar-12 4.00 676906.1870217 653598.2502894
Jun-12 5.00 662902.1161229 665600.2788078
Sep-12 6.00 677646.2587389 677602.3073261
Dec-12 7.00 685647.9940794 689604.3358445
Mar-13 8.00 696968.2126641 701606.3643629
Jun-13 9.00 691891.7727239 713608.3928813
Sep-13 10.00 701077.4535164 725610.4213997
Dec-13 11.00 715206.4356896 737612.4499181
Mar-14 12.00 718920.8407266 749614.4784365
Jun-14 13.00 753233.5801824 761616.5069549
Sep-14 14.00 754698.580997 773618.5354732
Dec-14 15.00 746788.9489755 785620.5639916
Mar-15 16.00 766741.0533077 797622.59251
Jun-15 17.00 813959.6154625 809624.6210284
Sep-15 18.00 814762.3273876 821626.6495468
Dec-15 19.00 828630.3472775 833628.6780652
Mar-16 20.00 849444.4283076 845630.7065836
Jun-16 21.00 894043.0376551 857632.735102
Sep-16 22.00 879283.4314099 869634.7636203
Dec-16 23.00 892527.2894923 881636.7921387
Mar-17 24.00 893611.3881282 893638.8206571
Jun-17 25.00 902227.4531475 905640.8491755
Sep-17 26.00 941656.8422717 917642.8776939
Dec-17 27.00 949668.6077619 929644.9062123
Mar-18 28.00 971725.1918919 941646.9347307
Jun-18 29.00 987745.8996639 953648.9632491
Sep-18 30.00 997007.5157089 965650.9917674
Dec-18 31.00 989066.0550419 977653.0202858
Mar-19 32.00 991413.9569909 989655.0488042
Jun-19 33.00 1016352.972473 1001657.077323
Sep-19 34.00 981386.5893155 1013659.105841
Dec-19 35.00 955963.748028 1025661.134359
Mar-20 36.00 959229.5154975 1037663.162878
Jun-20 37.00 703447.995959 1049665.191396
Sep-20 38.00 1015271.309025 1061667.219915
Dec-20 39.00 1056657.897888 1073669.248433
Mar-21 40.00 1101369.829503 1085671.276951
Jun-21 41.00 1065863.842401 1097673.30547
Sep-21 42.00 1104985.091622 1109675.333988
Dec-21 43.00 1089408.539075 1121677.362506
Mar-22 44.00 1118582.405897 1133679.391025
Jun-22 45.00 1131097.682161 1145681.419543
Sep-22 46.00 1082053.82781 1157683.448062
 Dec-22 47.00 1106237.33713 1169685.47658
Mar-23 48.00 1152752.695164 1181687.505098
Jun-23 49.00 1190080.96943 1193689.533617
Sep-23 50.00 1231178.980755 1205691.562135
Dec-23 51.00 1228209.240911 1217693.590654
Mar-24 52.00 1250121.284197 1229695.619172
Jun-24 53.00 1282692.265305 1241697.64769
Sep-24 54.00 1279234.904778 1253699.676209
Source: Calculations based on Statement 13: Annual and Quarterly
Estimates of GDP at constant prices, MoSPI

[Link]
 Time Deseasonalised Pre pandemic
period Services GVA trend
Jun-11 1 955668 928707
Sep-11 2 967484 955376
Dec-11 3 999592 982046
Mar-12 4 1049629 1008715
Jun-12 5 1045429 1035384
Sep-12 6 1054591 1062054
Dec-12 7 1080232 1088723
Mar-13 8 1124077 1115392
Jun-13 9 1132268 1142062
Sep-13 10 1150844 1168731
Dec-13 11 1160130 1195400
Mar-14 12 1191268 1222070
Jun-14 13 1228022 1248739
Sep-14 14 1260618 1275408
Dec-14 15 1296122 1302078
Mar-15 16 1307635 1328747
Jun-15 17 1336204 1355416
Sep-15 18 1381749 1382086
Dec-15 19 1413316 1408755
Mar-16 20 1441965 1435424
Jun-16 21 1472022 1462094
Sep-16 22 1508671 1488763
Dec-16 23 1512301 1515432
Mar-17 24 1546344 1542102
Jun-17 25 1582126 1568771
Sep-17 26 1587026 1595440
Dec-17 27 1612196 1622110
Mar-18 28 1634465 1648779
Jun-18 29 1699452 1675448
Sep-18 30 1710451 1702118
Dec-18 31 1709121 1728787
Mar-19 32 1745416 1755456
Jun-19 33 1829036 1782126
Sep-19 34 1848957 1808795
Dec-19 35 1798571 1835464
Mar-20 36 1821943 1862134
Jun-20 37 1464446 1888803
Sep-20 38 1646518 1915472
Dec-20 39 1759542 1942142
Mar-21 40 1830422 1968811
Jun-21 41 1669918 1995480
Sep-21 42 1838780 2022150
Dec-21 43 1888038 2048819
Mar-22 44 1926916 2075488
Jun-22 45 1948544 2102158
Sep-22 46 2018279 2128827
Dec-22 47 2024539 2155496
Mar-23 48 2073469 2182166
Jun-23 49 2145260 2208835
Sep-23 50 2142649 2235504
Dec-23 51 2169858 2262174
Mar-24 52 2218975 2288843
Jun-24 53 2289639 2315512
Sep-24 54 2298536 2342182
Source: Calculations based on Statement 13: Annual and
Quarterly Estimates of GDP at constant prices, MoSPI
[Link]
 Deseasonalised Deseasonalised
Construction Pre pandemic Manufacturing Pre pandemic
GVA trend GVA trend
Jun-11 188883 182754 352021 328380
Sep-11 195621 185013 332770 336508
Dec-11 197389 187272 353536 344636
Mar-12 195797 189531 371290 352764
Jun-12 191375 191790 353968 360892
Sep-12 190924 194048 373178 369020
Dec-12 195891 196307 377451 377148
Mar-13 202348 198566 382732 385276
Jun-13 198801 200825 378139 393405
Sep-13 199763 203084 386232 401533
Dec-13 200392 205343 400498 409661
Mar-14 202976 207602 396366 417789
Jun-14 207535 209860 417298 425917
Sep-14 211298 212119 421651 434045
Dec-14 208344 214378 413542 442173
Mar-15 209023 216637 429941 450301
Jun-15 214452 218896 462758 458429
Sep-15 213571 221155 469992 466557
Dec-15 217534 223414 476510 474685
Mar-16 219334 225673 491880 482813
Jun-16 230442 227931 512048 490941
Sep-16 233029 230190 506683 499069
Dec-16 232171 232449 512200 507198
Mar-17 219456 234708 519593 515326
Jun-17 233186 236967 517924 523454
Sep-17 239489 239226 552661 531582
Dec-17 241086 241485 559241 539710
Mar-18 246601 243744 572618 547838
Jun-18 253645 246002 580572 555966
Sep-18 255419 248261 583562 564094
Dec-18 255050 250520 581317 572222
Mar-19 257305 252779 578406 580350
Jun-19 269726 255038 588163 588478
Sep-19 261037 257297 563925 596606
Dec-19 251524 259556 558836 604734
Mar-20 256675 261814 546928 612862
Jun-20 151820 264073 416716 620991
Sep-20 247029 266332 616567 629119
Dec-20 281560 268591 632300 637247
Mar-21 299373 270850 649669 645375
Jun-21 285763 273109 626862 653503
Sep-21 290807 275368 651897 661631
Dec-21 296148 277627 636602 669759
Mar-22 316298 279885 643301 677887
 Jun-22 325044 282144 640753 686015
Sep-22 314429 284403 604980 694143
Dec-22 326587 286662 610484 702271
Mar-23 338255 288921 646487 710399
Jun-23 349103 291180 670686 718527
Sep-23 359589 293439 692236 726655
Dec-23 359114 295697 684170 734784
Mar-24 367834 297956 702737 742912
Jun-24 383476 300215 716149 751040
Sep-24 388550 302474 708455 759168
Source: Calculations based on Statement 13: Annual and Quarterly Estimates of GDP
at constant prices, MoSPI
[Link]
 Deseasonalis Pre Deseasonalis
Deseasonalised Pre pandemic ed TTHCSB pandemic ed PADOS
FREPS GVA trend GVA trend GVA
Jun-11 372885 371545 343237 325145 247382
Sep-11 364357 382316 348546 335373 254229
Dec-11 389023 393086 356311 345601 253665
Mar-12 411009 403857 364079 355829 269486
Jun-12 408600 414627 379187 366057 264885
Sep-12 400396 425398 385881 376285 269184
Dec-12 432107 436169 392223 386513 256367
Mar-13 447469 446939 392985 396741 278642
Jun-13 457973 457710 393826 406969 285391
Sep-13 459558 468480 412268 417198 279491
Dec-13 469314 479251 429952 427426 262647
Mar-14 487049 490022 415376 437654 283810
Jun-14 500181 500792 436612 447882 294514
Sep-14 513581 511563 446542 458110 302261
Dec-14 528041 522333 455562 468338 313639
Mar-15 542045 533104 467037 478566 293260
Jun-15 549343 543874 478026 488794 310264
Sep-15 574422 554645 486126 499022 322950
Dec-15 584467 565416 501602 509250 328846
Mar-16 598226 576186 524217 519478 314395
Jun-16 618456 586957 521511 529706 330671
Sep-16 635449 597727 527647 539934 346109
Dec-16 616856 608498 538650 550162 355156
Mar-17 624210 619268 556062 560390 362652
Jun-17 630986 630039 581355 570618 372195
Sep-17 631231 640810 589018 580846 372861
Dec-17 638855 651580 587949 591074 380407
Mar-18 640142 662351 603175 601302 384766
Jun-18 665573 673121 639424 611530 402707
Sep-18 677519 683892 633284 621758 403551
Dec-18 679799 694662 619965 631986 402787
Mar-19 692212 705433 632708 642214 413009
Jun-19 721960 716204 702997 652442 423370
Sep-19 740417 726974 671959 662671 433871
Dec-19 708862 737745 650468 672899 429779
Mar-20 716524 748515 650742 683127 442188
Jun-20 716538 759286 372709 693355 368645
Sep-20 710503 770056 539884 703583 381519
Dec-20 766830 780827 583419 713811 408490
Mar-21 769021 791598 618372 724039 439617
Jun-21 744441 802368 556438 734267 382137
Sep-21 773304 813139 616919 744495 435844
Dec-21 802442 823909 634654 754723 445906
Mar-22 812239 834680 656840 764951 456367
 Jun-22 819395 845450 682596 775179 466533
Sep-22 847830 856221 695943 785407 466830
Dec-22 860888 866992 692562 795635 464958
Mar-23 887853 877762 707699 805863 480434
Jun-23 916913 888533 739943 816091 499078
Sep-23 905773 899303 729978 826319 502573
Dec-23 921205 910074 739284 836547 502653
Mar-24 955842 920845 749438 846775 519290
Jun-24 977560 931615 774608 857003 543026
Sep-24 Calculations
Source: 971161 94238613: Annual
based on Statement 776917 867231
and Quarterly 549599
Estimates of GDP at constant pr
MoSPI
[Link]
Note: i) FREPS- Financial, real estate and professional services ii) TTHCSB – Trade, transport, h
communication and services related to broadcasting iii) PADOS - Public administration, defence &
services
Pre pandemic
trend
233127
238740
244353
249966
255579
261192
266805
272418
278031
283644
289257
294870
300483
306096
311709
317322
322936
328549
334162
339775
345388
351001
356614
362227
367840
373453
379066
384679
390292
395905
401518
407131
412744
418357
423970
429583
435196
440809
446422
452035
457648
463261
468874
474487
 480101
485714
491327
496940
502553
508166
513779
519392
525005
530618
f GDP at constant prices,

Trade, transport, hotel,

stration, defence & other
 PMI New Export
Date manufacturing Orders
Apr 23 57.2 53.1
May 23 58.7 53.8
Jun 23 57.8 53.2
Jul 23 57.7 55.9 PMI manufacturing
Aug 23 58.6 56.3 60
Sep 23 57.5 55.5
58
Oct 23 55.5 54.8
Nov 23 56
56.0 53.5
Dec 23 54.9 53.2 54

Index
Jan 24 56.5 53.7 52
Feb 24 56.9 56.7
50
Mar 24 59.1 56.9
Apr 24 48
58.8 56.1
May 24 23 23 23 l 23 23 23 2 3 23 23 24 24
57.5 57.3 pr
t
ay Jun Ju ug ep Oc ov ec Jan eb a
Jun 24 A M A S N D F M
58.3 56.2
Jul 24 58.1 57.2
Aug 24 57.5 54.4
Sep 24 56.5 52.9
Oct 24 57.5 53.6
Nov 24 56.5 54.6
Dec 24 56.4 54.7
Source: Compiled from various monthly
HSBC India Manufacturing PMI reports
 PMI manufacturing New Export Orders

56.4

54.7

23 23 2 3 23 23 24 24 24 24 24 24 l 24 24 24 2 4 24 24
ug p ct ov ec an eb ar pr ay un u ug ep ct ov ec
Se O N D J F M A M J J A S O N D
 (per cent)
Round
Parameters Round 107
106
Parameters Q2:FY25 Q3:FY25* Q4:FY25* Q1:FY26*
Overall
Business 45 47.4 53.6 53
Situation
Production 36.3 36.3 50.7 49.9
Order
35.2 33.3 47.2 48.5
Books
Capacity
29.2 29.5 47.2 46
Utilisation
Employment 15.6 17.6 28.1 29.7
Selling
17.2 17.1 28.9 29
Prices
Cost of
Raw -51 -47.6 -46.2 -46.2
Materials
Source: RBI’s Quarterly Industrial Outlook Survey
[Link]
Note: * indicates expectations for the upcoming quarters
*The survey results are summarised through a measure called Net Response,
constructed as the difference between the proportions of respondents giving
‘optimistic’ and ‘pessimistic’ replies.
 Real GDP Real GDP Growth (RHS)
H1 71.0 4.7
FY20 H2 74.3 3.1
H1 60.7 -14.5
FY21 H2 76.2 2.6
H1 70.2 15.6
FY22 H2 80.0 5.0
H1 76.5 9.0
FY23 H2 84.2 5.3
H1 82.8 8.2
FY24 H2 91.0 8.1
FY25 H1 87.7 6.0

Source: Calculations based on Statement 13: Annual

and Quarterly Estimates of GDP at constant prices
[Link]
 H1 PFCE (at
current prices)
FY12 56.9
FY13 55.9
FY14 57.0
FY15 58.2
FY16 58.3
FY17 58.4
FY18 58.0
FY19 57.9
FY20 60.0
FY21 60.5
FY22 59.3
FY23 60.9
FY24 60.0
FY25 61.2
Source: Calculations
based on Statement 14:
Annual and Quarterly
Estimates of GDP at
current prices
[Link]
 Share of Components in GDP at current prices (Per
cent)
GFCE PFCE GFCF Exports Imports
H1 10.7 59.3 29.6 21.7 -23.4
FY22
H2 10.3 62.4 29.5 21.2 -24.6
H1 11.5 60 30.9 23.5 -26
FY23
H2 11.1 61 30.6 22.9 -25.5
H1 10.4 60 31.4 21.9 -24.5
FY24
H2 10.4 60.6 30.3 21.8 -23.7
FY25 H1 10.1 61.2 31 21.5 -24.3
Source: Calculations based on Statement 14: Annual and Quarterly
Estimates of GDP at current prices
[Link]
 Housing Sales New Supply
Q1 74.3 102.1
Q2 83.2 104.8
Q3 80.8 145.0
FY23 Q4 85.8 147.8
Q1 80.3 113.8
Q2 101.2 123.1
Q3 143.5 132.4
FY24 Q4 120.6 103.0
Q1 113.8 101.7
Q2 96.5 91.9
FY25 Q3 106.0 88.7
Various Real Insight Residential reports by Proptiger
 General Savings by Household
Year CAD Savings Government private sector
Dissavings corporations savings
FY19 -2.1 31.7 -1.4 12.8 20.3
FY20 -0.9 29.6 -2.8 13.2 19.1
FY21 0.9 29.1 -6.7 13.1 22.7
FY22 -1.2 31.2 -3.0 14.1 20.1
FY23 -2.0 30.2 -2.3 14.1 18.4
FY24 -0.7
Source: Statement 1.9, National Accounts Statistics 2024, MosPI;
and Table 131: India’s Overall Balance of Payments - Rupees,
Handbook of Statistics on Indian Economy, RBI

[Link]

[Link]
 Y-o-y
CAGR -
Y-o-y growth growth
CAGR - Gen.
Year in in Gen.
investment Govt.
investment Govt.
GFCF
GFCF
FY19 10 8.7 7.9 13.1
FY20 -5 6.1 7.9 13.1
FY21 -8 8.7 7.9 13.1
FY22 37 14.0 7.9 13.1
FY23 13 24.6 7.9 13.1
Source: Statement 1.11, National Accounts Statistics
2024, MoSPI

[Link]
 Union's capital erxpenditure as a per
Year
cent of total expenditure
FY21 12.1
FY22 15.6
FY23 17.6
FY24 21.4
Source: Union Budget documents. Provisional
actuals for FY24.
[Link]
 Particulars Per cent
GTR 10.7
NRR 8.7
NTC 0.5
NDR 8.5
NTR 50.2
TD 35.0
Growth in April to November FY25
RE 7.8
over April to November FY24
IP 8.3
CE -12.3
TE 3.3
RD 3.1
FD -6.6
PD -37.0
GTR 4.4
NTC -10.8
NDR -7.5
Growth in July to November FY25
NTR 13.6
over July to November FY24
TD 46.0
CE 8.2
TE 10.6
Source: CGA monthly provisional accounts.
Note: GTR- Gross Tax Revenue; NRR-Revenue Receipts (net to Centre); NTC-
Tax revenue (net to Centre); NDR-Non-debt receipts; TD-Tax devolution to
States; RE-Revenue Expenditure; IP-Interest Payments; CE-Capital
Expenditure; TE-Total Expenditure; FD-Fiscal Deficit; RD-Revenue Deficit; PD-
Primary Deficit.
[Link]
 Growth in April to November FY25
Particulars over April to November FY24 (per
cent)
Tax Revenue 18.4
Own Tax
Revenue 10.8
State’s Share
of Union
38.1
Taxes
Source: Source: CAG monthly provisional accounts
[Link]
 Growth in April to
November FY25 over
Particulars
April to November FY24
(per cent)
GST 14.2
Stamps and Registration 13.1
Land Revenue -14.9
Sales Tax 4.6
State Excise Duties 9.5
Other Taxes and Duties 8.9
Source: Source: CAG monthly provisional accounts
[Link]
 Own tax revenue
as a per cent of
State
State total tax revenue
code
(April to
November FY25)
Andhra Pradesh AP 74.9
Arunachal Pradesh AR 12.3
Assam AS 43.4
Bihar BR 51.9
Chhattisgarh CG 49.9
Gujarat GJ 76.5
Himachal Pradesh HP 56.1
Haryana HR 85.5
Jharkhand JH 43.4
Kerala KL 84.0
Karnataka KA 86.2
Meghalaya ML 26.6
Maharashtra MH 80.8
Manipur MN 14.3
Madhya Pradesh MP 47.7
Nagaland NL 45.8
Odisha OD 49.3
Punjab PB 70.2
Rajasthan RJ 57.7
Telangana TS 87.7
Tamil Nadu TN 78.1
Tripura TR 27.8
Uttarakhand UK 60.5
Uttar Pradesh UP 65.1
West Bengal WB 50.4
Source: CAG monthly provisional accounts
[Link]
 Ratio of Own Revenue Ratio of Revenue Deficit
State Receipts to Total to Total Revenue
State
code Revenue Receipts (April Receipts (April to
to November FY25) November FY25)
Andhra Pradesh AP 0.7 -0.6
Arunachal Pradesh AR 0.1 0.4
Assam AS 0.4 -0.1
Bihar BR 0.5 -0.1
Chhattisgarh CG 0.5 0.1
Gujarat GJ 0.7 0.1
Himachal Pradesh HP 0.4 -0.2
Haryana HR 0.8 -0.2
Jharkhand JH 0.5 0.2
Kerala KL 0.8 -0.2
Karnataka KA 0.8 0.0
Meghalaya ML 0.2 0.1
Maharashtra MH 0.8 0.1
Manipur MN 0.1 -0.3
Madhya Pradesh MP 0.5 0.0
Nagaland NL 0.3 0.1
Odisha OD 0.6 0.2
Punjab PB 0.6 -0.3
Rajasthan RJ 0.6 -0.2
Telangana TS 0.8 -0.1
Tamil Nadu TN 0.7 -0.2
Tripura TR 0.2 0.1
Uttarakhand UK 0.5 0.0
Uttar Pradesh UP 0.6 0.1
West Bengal WB 0.5 -0.2

Source: CAG monthly provisional accounts

RD-revenue deficit, ORR-own revenue receipts, TRR-total revenue receipts

[Link]
 Per cent share in ORR (April to November FY25)
State State code GST Land Revenue Non –Tax Revenue Other Taxes and Duties
Manipur MN 78 0 12 6
Nagaland NL 72 0 15 7
Bihar BR 68 1 6 5
Uttar Pradesh UP 54 0 5 5
Arunachal Pradesh AR 51 0 28 2
Andhra Pradesh AP 47 0 5 5
Meghalaya ML 47 0 11 5
Maharashtra MH 46 1 6 9
West Bengal WB 46 3 3 8
Karnataka KA 46 0 7 7
Tripura TR 45 0 11 15
Assam AS 44 0 16 6
Haryana HR 44 0 7 6
Gujarat GJ 42 3 10 12
Kerala KL 41 1 14 7
Punjab PB 40 0 11 11
Telangana TS 39 0 6 6
Tamil Nadu TN 38 0 6 6
Uttarakhand UK 38 0 14 8
Himachal Pradesh HP 36 0 23 12
Rajasthan RJ 36 1 14 8
Jharkhand JH 34 1 32 8
Madhya Pradesh MP 33 1 18 9
Chhattisgarh CG 27 1 27 13
Odisha OD 24 0 49 7
Source: CAG monthly provisional accounts
[Link]
vember FY25)
Sales Tax Stamps and Registration State Excise Duties
1 1 2
6 0 0
10 10 0
10 10 16
8 1 10
16 8 19
24 1 13
16 16 7
11 8 20
11 11 18
14 3 11
22 2 10
14 13 15
21 11 0
28 6 3
12 9 18
24 11 14
32 11 6
11 11 18
11 3 16
20 9 12
15 3 7
16 10 13
10 5 17
11 2 7
al accounts
unts-report
 Growth in April to November
Particulars FY25 over April to November
FY24 (per cent)
RE 12.0
CE -5.6
TE 9.5
Source: CAG monthly provisional accounts.
RE-revenue expenditure; CE-expenditure on
capital account; TE-total expenditure.
[Link]
 Growth in April to
November FY25 over
Particulars
April to November
FY24 (per cent)
Committed expenditure 10.4
Expenditure on Subsidy 25.7
Other expenditure on Revenue Account 11.7
Source: CAG monthly provisional accounts
[Link]
 Capital Outlay as a per cent
State State code of Revenue Expenditure
(FY20 to FY24)
Arunachal Pradesh AR 40.0
Sikkim SK 26.4
Manipur MN 25.9
Uttar Pradesh UP 23.9
Odisha OD 23.5
Karnataka KA 23.4
Madhya Pradesh MP 22.9
Assam AS 21.5
Gujarat GJ 21.1
Meghalaya ML 20.5
Goa GA 20.0
Jharkhand JH 19.0
Uttarakhand UK 18.6
Telangana TS 18.0
Nagaland NL 16.7
All States All States 16.5
Himachal Pradesh HP 15.4
Bihar BR 14.6
Chhattisgarh CG 14.5
Mizoram MZ 14.2
Maharashtra MH 13.9
Tamil Nadu TN 13.7
Haryana HR 12.2
Tripura TR 11.4
Rajasthan RJ 10.3
West Bengal WB 9.8
Kerala KL 9.6
Andhra Pradesh AP 9.1
Punjab PB 8.7
Source: RBI e-STATES database. Revised estimates for FY24

[Link]
 fiscal deficit as a Revenue deficit as a Capital expenditure as
State State code per cent of total per cent of total a per cent of total
expenditure expenditure expenditure
Andhra Pradesh AP -39.4 -34.2 5.0
Assam AS -20.6 -4.4 16.2
Bihar BR -20.8 -7.3 12.6
Chhattisgarh CG -2.9 7.6 10.1
Gujarat GJ -11.0 9.5 19.3
Himachal Pradesh HP -21.6 -13.9 7.3
Haryana HR -27.5 -12.4 12.3
Jharkhand JH -4.3 17.4 15.3
Kerala KL -27.0 -18.2 7.8
Karnataka KA -12.5 -0.9 10.9
Meghalaya ML -13.5 5.4 19.0
Maharashtra MH -2.1 8.6 9.5
Manipur MN -30.0 -17.6 12.5
Madhya Pradesh MP -18.1 2.4 19.7
Mizoram MZ -14.9 -10.2 4.7
Odisha OD 6.2 26.4 19.0
Punjab PB -28.5 -24.0 4.4
Rajasthan RJ -25.4 -14.2 11.3
Sikkim SK -14.7 1.6 16.3
Telangana TS -27.3 -10.3 15.1
Tamil Nadu TN -29.5 -15.4 9.9
Tripura TR -8.0 4.6 12.6
Uttarakhand UK -10.4 3.2 12.8
Uttar Pradesh UP -4.6 13.5 16.6
West Bengal WB -20.2 -12.5 7.3

Source: CAG monthly provisional accounts. Excludes Arunachal Pradesh and Nagaland.
Note: The size and colour of the bubble represents capital expenditure (capex) as a per cent
of total expenditure (TE) - red for less than 7 per cent, yellow for 7 to 14 per cent and green
for 14 to 21 per cent.

[Link]
 CPI inflation CFPI inflation Core inflation
Jan-23 6.5 6.0 6.2
Feb-23 6.4 6.0 6.1
Mar-23 5.7 4.8 5.8
Apr-23 4.7 3.8 5.1
May-23 4.3 3.0 5.2
Jun-23 4.9 4.5 5.2
Jul-23 7.4 11.5 4.9
Aug-23 6.8 9.9 4.9
Sep-23 5.0 6.6 4.5
Oct-23 4.9 6.6 4.2
Nov-23 5.6 8.7 4.1
Dec-23 5.7 9.5 3.8
Jan-24 5.1 8.3 3.5
Feb-24 5.1 8.7 3.4
Mar-24 4.9 8.5 3.3
Apr-24 4.8 8.7 3.2
May-24 4.8 8.7 3.1
Jun-24 5.1 9.4 3.1
Jul-24 3.6 5.4 3.4
Aug-24 3.7 5.7 3.3
Sep-24 5.5 9.2 3.5
Oct-24 6.2 10.9 3.8
Nov-24 5.5 9.0 3.7
Dec-24 5.2 8.4 3.7
Consumer Price Indices released by Central
Statistical Office (CSO), MoSPI
[Link]
 Inflation in CPI excl.
tomato, onion, potato
Jun-22 6.7
Jul-22 6.7
Aug-22 7.1
Sep-22 7.3
Oct-22 7.0
Nov-22 6.7
Dec-22 6.6
Jan-23 7.0
Feb-23 6.8
Mar-23 6.1
Apr-23 4.9
May-23 4.8
Jun-23 5.2
Jul-23 6.0
Aug-23 5.6
Sep-23 5.0
Oct-23 5.1
Nov-23 4.9
Dec-23 5.0
Jan-24 4.8
Feb-24 4.8
Mar-24 4.4
Apr-24 4.3
May-24 4.2
Jun-24 4.2
Jul-24 3.6
Aug-24 3.6
Sep-24 4.2
Oct-24 4.5
Nov-24 4.7
Dec-24 4.5
Consumer Price Indices released
by Central Statistical Office (CSO),
MoSPI
[Link]
 USD Million
CAB as
Merchand Services Net
per cent
ise trade trade private
of GDP
balance balance transfers
(RHS)
Q1 -30.7 25.8 19.2 0.9
Q2 -44.5 25.6 19.2 -1.3
FY22
Q3 -59.7 27.8 21.4 -2.6
Q4 -54.5 28.3 21.3 -1.5
Q1 -63.1 31.1 23.1 -2.1
Q2 -78.3 34.4 25.0 -3.8
FY23
Q3 -71.3 38.7 28.6 -2.0
Q4 -52.6 39.1 25.1 -0.2
Q1 -56.7 35.1 23.1 -1.0
Q2 -64.5 39.9 25.2 -1.3
FY24
Q3 -71.6 45.0 29.4 -1.1
Q4 -52.0 42.7 28.9 0.5
Q1 -65.1 39.7 26.6 -1.1
FY25 Q2 -75.3 44.6 29.3 -1.2
Source: Tables 196 and 197, RBI Handbook of Statistics on the
Indian Economy
[Link]
 Net FDI Inflows
Gross FDI Inflows Repatriation
(RHS)
FY18 41.8 -14.3 27.5
FY19 40.6 -11.3 29.3
FY20 47.7 -12.4 35.3
FY21 58.9 -16.8 42.0
FY22 55.3 -19.2 36.1
FY23 49.0 -19.9 29.1
FY24 47.2 -29.7 17.4
FY25 55.6 -39.6 16.0
Source: Calculations based on FDI figures from RBI Bulletin
Table no. 34

[Link]
 Growth

Non-food
non- Credit to
Non-food Personal personal micro & Credit to Credit to Credit to
credit loans credit small ent Medium ent MSME Industry
Apr-20 6.7 16.0 3.8 6.2 -2.9 5.0 3.9
May-20 6.1 13.8 3.7 9.2 3.0 8.4 4.8
Jun-20 6.0 13.5 3.6 8.9 -1.7 7.6 4.7
Jul-20 6.4 14.1 3.8 12.5 3.0 11.3 3.9
Aug-20 5.5 13.3 3.0 13.4 20.8 14.4 3.2
Sep-20 5.1 12.8 2.6 14.6 36.8 17.4 3.7
Oct-20 5.1 8.7 3.8 7.5 34.1 10.8 -3.1
Nov-20 5.9 9.3 4.7 7.6 34.3 11.0 -1.7
Dec-20 6.6 9.4 5.6 10.1 31.2 12.9 -0.9
Jan-21 5.9 9.8 4.5 10.3 43.4 14.6 2.7
Feb-21 6.6 10.8 5.0 12.7 47.3 17.3 3.6
Mar-21 5.5 11.8 3.3 4.5 53.4 10.8 2.9
Apr-21 5.7 14.9 2.4 2.6 59.5 9.2 1.2
May-21 5.9 15.3 2.6 0.5 62.1 7.7 1.8
Jun-21 6.8 14.8 4.0 3.9 75.1 12.1 1.0
Jul-21 6.2 14.6 3.2 6.4 77.6 14.9 2.3
Aug-21 6.7 15.4 3.5 6.3 52.1 12.6 3.4
Sep-21 6.8 15.8 3.4 5.7 40.0 10.8 3.8
Oct-21 6.9 15.3 3.8 7.4 38.4 12.2 5.4
Nov-21 7.1 15.3 4.0 8.2 40.4 13.2 5.7
Dec-21 8.3 17.7 4.9 16.8 59.5 23.5 9.4
Jan-22 7.3 14.1 4.6 9.1 43.9 14.8 3.5
Feb-22 8.2 13.8 6.0 13.0 45.5 18.4 4.3
Mar-22 8.7 13.7 6.8 14.1 36.3 18.1 4.9
Apr-22 10.3 14.9 8.5 19.7 53.9 25.4 7.2
May-22 12.6 16.8 11.0 26.3 52.7 31.0 8.0
Jun-22 13.8 18.1 12.2 23.7 46.3 27.7 9.1
Jul-22 13.9 19.1 11.8 18.9 37.9 22.4 9.6
Aug-22 14.8 19.7 12.8 19.3 34.5 22.2 10.6
Sep-22 15.7 19.8 14.1 19.4 31.5 21.6 11.5
Oct-22 17.1 20.3 15.8 15.7 29.3 18.3 12.4
Nov-22 16.4 19.7 15.0 16.1 27.2 18.2 11.8
Dec-22 15.3 20.2 13.3 11.5 12.4 11.7 7.8
Jan-23 16.7 20.5 15.1 15.7 16.2 15.8 8.9
Feb-23 15.9 20.4 14.0 13.3 11.5 12.9 7.1
Mar-23 15.4 20.7 13.2 15.0 13.1 14.6 5.8
Apr-23 16.2 19.4 14.8 12.8 11.8 12.6 7.2
May-23 15.5 19.1 14.0 14.7 11.5 14.0 6.0
Jun-23 16.3 21.3 14.2 19.0 15.9 18.4 7.4
Jul-23 14.7 18.4 13.2 16.8 11.1 15.6 4.6
Aug-23 15.0 17.8 13.8 18.6 12.6 17.4 5.3
Sep-23 15.3 17.6 14.3 18.1 13.9 17.2 6.0
 Oct-23 15.3 17.2 14.4 22.5 17.4 21.4 4.8
Nov-23 16.3 17.7 15.7 23.1 17.2 21.9 5.5
Dec-23 15.8 16.3 15.5 20.3 14.6 19.1 7.5
Jan-24 16.2 17.0 15.9 21.0 13.0 19.3 7.5
Feb-24 16.5 16.6 16.5 20.2 16.0 19.4 8.4
Mar-24 16.3 17.6 15.7 20.2 15.9 19.3 8.0
Apr-24 15.3 15.3 15.3 18.6 16.5 18.2 6.9
May-24 16.2 17.8 15.4 19.9 17.2 19.4 8.9
Jun-24 13.9 16.6 12.7 14.2 14.3 14.2 7.7
Jul-24 15.1 17.3 14.1 14.3 17.9 15.0 10.2
Aug-24 14.9 17.3 13.9 13.5 20.8 14.9 9.8
Sep-24 14.4 16.9 13.2 13.1 20.8 14.7 9.1
Oct-24 13.1 16.6 11.5 12.3 20.8 14.0 8.0
Nov-24 13.3 17.3 11.6 11.7 20.7 13.5 8.1
Source: Calculations based on credit figures in Table no. 170 - Deployment of Gross Bank Credit by Major
Sectors, Handbook of Statistics on the Indian Economy.
[Link]
Credit to
Services
16.5
16.8
17.3
16.6
16.5
14.3
7.0
7.4
7.1
9.8
11.2
6.4
4.3
5.4
5.9
5.6
3.9
3.1
4.8
5.2
12.5
6.6
7.2
9.5
12.5
14.0
14.1
18.1
18.7
21.5
23.8
22.7
20.4
21.2
20.3
19.5
21.3
21.3
26.8
19.7
21.0
21.6
 20.4
22.2
20.0
21.0
21.4
20.8
19.5
20.7
15.1
15.4
15.6
15.2
14.1
14.4
edit by Major

0Statistics%20on%20the%20Indian%20Economy/PART%20II%20:%20QUARTERLY%2F%20MONTHLY%20SERIES/MONEY%20AND%20BANK
 Per cent
Sep-22 Sep-23 Sep-24
GNPA 5 3.2 2.6
ROE 11.2 12.9 14.1
ROA 1 1.2 1.4
CRAR 16 16.8 16.7
Source: Various editions of RBI Financial Stability
Report
December 2024 FSR -
[Link]
[Link]?UrlPage=&ID=1279
 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
LFPR 49.8 50.2 53.5 54.9 55.2 57.9 60.1
WPR 46.8 47.3 50.9 52.6 52.9 56.0 58.2
UR (RHS) 6.0 5.8 4.8 4.2 4.1 3.2 3.2
Source: Annual PLFS report 2023-24, MoSPI
Note: i) LFPR - labour force participation rate, WPR - worker-to-population ratio, UR-
unemployment rate;
ii)Statistics presented are by Usual status for persons aged 15 years and above