Global Growth – Global Current Activity Indicator (CAI) Chart suggesting that global growth is on the up. But will the coronavirus outbreak curb it? Image: Goldman Sachs Global Investment Research
Chicago Fed National Activity Index and Recessions The Chicago Fed National Activity Index fall to -0.35 in December, and stayed at a negative reading. Anything negative is below-average growth. In recent history, anything at or below -0.7 (red line) was equivalent to a recession. “A zero value for the index indicates that the national economy is expanding…
U.S. Freight Shipping Activity The New York Fed’s manufacturing report suggests a rebound in freight shipping activity this year. Image: Quill Intelligence, LLC
U.S. Recessionary Manufacturing Activity Chart showing that 2/3 of the manufacturing sector is in contraction. Image: Oxford Economics
S&P 500 vs. U.S. Business Activity Index and Recessions This chart suggests that a recession in the U.S. is not imminent. Image: Paolo Cardena
U.S. IPO Activity Chart showing the fall in new listings, while WeWork’s abandoned IPO. Image: Financial Times
Construction Sector Activity and Recessions This chart clearly shows that growth of activity in the construction sector is slowing down. Image: Quill Intelligence, LLC
China Industrial Activity and U.S. Treasury 10-Year Yield This chart shows the quite good correlation between China industrial activity and the U.S. treasury 10-year yield. Image: Oxford Economics, Macrobond
Global Manufacturing Activity The number of countries in contraction is higher than the number of countries in expansion. Image: Financial Times
Revised Real GDP Growth Forecasts for Asian Economies Goldman Sachs slashed growth forecasts for Asian economies, as the coronavirus impacts economic activity. Image: Goldman Sachs Global Investment Research