World Economics - Insight , Analysis and Data

World Economics - The first measures of global growth every month
 

Release Schedule

Date / Time (UTC) Release
11 Feb 07:00 WPI: Cost of Fun Price Index
12 Feb 07:00 WPI: Hospitality Price Index
15 Feb 07:00 WPI: Gasoline Price Index
16 Feb 11:00 SMI: United States
17 Feb 01:00 SMI: China
18 Feb 05:00 SMI: India
19 Feb 01:00 SMI: Mongolia
22 Feb 05:00 SMI: Africa
22 Feb 05:00 SMI: South Africa
22 Feb 05:00 SMI: Nigeria
23 Feb 11:00 SMI: Mexico
24 Feb 11:00 SMI: Latin America
25 Feb 01:00 SMI: Philippines
26 Feb 07:00 GMI: Global Marketing Index
29 Feb 03:15 SMI: Global Services
29 Feb 03:30 SMI: Global Manufacturing
29 Feb 03:30 SMI: Global All-Sector
01 Mar 01:00 SMI: Asia
02 Mar 07:00 SMI: Americas
03 Mar 07:00 SMI: Growth Continents
04 Mar 07:00 SMI: NAFTA

> View the full diary of release dates

Sales Managers' Indexes - By Country

New from World Economics: The Sales Managers' Index: United States


  January 2016
United States
The SMI Headline Index registered a value of 51.7 in January, down from the value in December. Sector analysis shows that the manufacturing sector was down further as services also decreased.
New from World Economics: The Sales Managers' Index: China


  January 2016
China
The China Index brings together the collective wisdom of Sales Managers throughout China. The earliest source of understanding about what’s really happening in the China.
New from World Economics: The Sales Managers' Index: India


  January 2016
India
The Index signals that Indian economic activity remains very strong in January. The Index remained at a very high level of 69.7, down marginally December. January saw the first signs of inflation after a long period of mild deflation.
New from World Economics: The Sales Managers' Index: Mongolia

  JANUARY 2016
Mongolia
The January Headline Index value of 32.0 indicates that the economy continues to contract at an increasing rate with the monthly sales growth index reporting a lower result on previous months.
New from World Economics: The Sales Managers' Index: Nigeria


  January 2016
Nigeria
The only available monthly economic indicator which covers all sectors of the Nigerian economy. The SMI Index reported that sales growth has been badly affected by the fall in oil price since June 2014 the recovery reported in Q3 has now started to slow again.
New from World Economics: The Sales Managers' Index: South Africa

  January 2016
South Africa
The SMI increased for the sixth month running in January to 56.6, from 55.5 in December, indicating the fastest pace since April 2015. Sales and Market growth continue to accelerate with staffing levels improving to meet company’s needs.
New from World Economics: The Sales Managers' Index: Mexico


  JANUARY 2016
Mexico
The Sales Managers’ Indexes, taken as a whole, shows that the Mexican economy grew at a slow pace in January with the rate of growth moving away from the 50, no change mark from contraction in October.
New from World Economics: The Sales Managers' Index: Philippines


  JANUARY 2016
Philippines
The Sales Managers’ Indexes, taken as a whole, show that economic growth in Philippines has been very strong. The headline SMI at 80.5 is congruent with strong rates of economic growth. 

Global Sales Managers Indexes

Global Sales Managers' Index

  January 2016
Global All-Sector SMI
The January Index value of 53.9 was down slightly on its value registered in December by 0.1 indicating a continued slowing in global business activity.

Global Manufacturing Sales Managers' Index
  JANUARY 2016
Global Manufacturing Sector SMI
The World Economics Global Manufacturing Sales Managers’ Index is the earliest economic activity report covering manufacturers in 70 countries worldwide.
Global Services Sales Managers' Index

  JANUARY 2016
Global Services Sector SMI
The Index registered a value of 54.5 in January, no change on the December figure. Panellists indicate that the global services sector continues to exhibit economic growth but is experiencing a prolonged declining trend.

Sales Managers' Indexes - By Region

New from World Economics: The Sales Managers' Index: Africa

  January 2016
Africa
The SMI registered 58.7 in January, down slightly from it's December level. Business Confidence remained very strong, monthly sales growth remained high and inflation was stable.
The Sales Managers' Index: Latin America

  JANUARY 2016
Latin America 
The SMI registered 49.8 in January indicating that economic activity in the region is continuing in recession. Business confidence remains weak but monthly product sales registered the first month of growth in eleven months.
New from World Economics: The Sales Managers' Index: Americas
  JANUARY 2016
Americas
This Index brings together the collective wisdom of Sales Managers throughout the entire continent of The Americas to produce the earliest and only source of understanding about what’s really happening throughout the continents.
New from World Economics: The Sales Managers' Index: Asia

  JANUARY 2016
Asia
Confidence among Sales Managers remains solid; meaning business conditions are to remain positive in the coming months for economic development although a declining trend lead by China may have come to an end.
New from World Economics: The Sales Managers' Index: Growth Continents

  JANUARY 2016
Growth Continents
The Headline Index is designed to reflect overall economic growth, bringing together the average movement of Confidence, Market Expansion, Product Sales, Prices Charged and the Staffing Indices.
New from World Economics: The Sales Managers' Index: NAFTA

  JANUARY 2016
NAFTA
The composite NAFTA Sales Managers’ Index is the best source of understanding about what’s really happening throughout the entire trading bloc.

The Sales Managers' Index Archive


  January 2016
All Countries and Regions
The full archive of Sales Managers' Indexes cover: Africa, Americas, Asia, Growth Continents, Latin America, NAFTA along with the United States, China, India and Mongolia. 




Global Marketing Index

Global Marketing Index


  January 2016
Global Marketing Index
The GMI for January shows that Global Marketing Budgets have expanded for the 35th successive month. Europe and Asia have seen an increase in budgets while the Americas have continued to register declines.

Growth Trackers

United States  Growth Tracker


  February 2016
United States
US. GDP rose at an annualised rate of 0.7% in Q4 2015, compared to 2.0% in Q3 2015. Consumer demand continued to rise, with retail sales up by 1.4% in the year to December.
China Growth Tracker


  FEBRUARY 2016
China
Survey data from the SMI and other indicators suggest GDP growth at half the official estimate. Latest data from the SMI and other indicators showed growth stabilising after a near two year slowdown.
India Growth Tracker


  FEBRUARY 2016
India
Leading indicators showed faster growth, with the SMI rising to 69.7 in January down from December. Domestic demand is still rising strongly, with car sales posting a year-on-year rise of 21.9% in December.
Global Growth Tracker


  ANNUAL UPDATE: 2015
Global Growth Tracker
World Economics research shows that the global economy grew for 52 out of the past 53 years. The World Economy grew at 3.8% per year between 1961-2014.
Eurozone Growth Tracker


  FEBRUARY 2016
Eurozone
Euro area economy grew at annual rate of 1.6% in Q3 2015, compared to 0.8% in the same quarter last year. Retail sales registered a year-on-year increase of 1.6% in November, down from 10.6% in October.
Commonwealth Growth Tracker


  APRIL 2015
Commonwealth
The World Economics Commonwealth Growth Monitor contrasts the accelerating economic growth of the Commonwealth, with the 5 decade long decline in the rate of growth of the EU.

Latest Index Data Trends

Sort by:

Name Speed & Direction      
DPI: Global - Durables Price Index Falling
DPI: United States Falling
DPI: China Stable
DPI: Japan Rising
DPI: India Falling
DPI: Germany Rising
DPI: United Kingdom Falling
DPI: Russia Falling
DPI: France Falling
DPI: Brazil Rising
DPI: Italy Falling
WPI: China Falling
WPI: Japan Falling
WPI: India Rising
WPI: Germany Stable
WPI: United Kingdom Stable
WPI: Russia Falling
WPI: Brazil Rising
WPI: Italy Falling
WPI: Argentina Rising
WPI: Mexico Stable
WPI: South Korea Falling
WPI: Canada Falling
WPI: France Stable
WPI: Spain Stable
WPI: Turkey Stable
WPI: Greece Stable
FPI: Global - Food Price Index Rising
FPI: United States Rising
FPI: China Rising
FPI: Japan Falling
FPI: India Rising
FPI: Germany Falling
FPI: United Kingdom Falling
FPI: Russia Rising
FPI: France Falling
FPI: Brazil Rising
FPI: Italy Falling
SMI: NAFTA - SMI Slow, Falling
SMI: NAFTA - Market Growth Slow, Falling
SMI: NAFTA - Future Confidence Medium, Falling
SMI: NAFTA - Staffing Levels Slow, Increasing
SMI: NAFTA - New Sales Stable, Falling
SMI: NAFTA - Prices Charged Stable, Falling
SMI: Growth Conts. - SMI Medium, Falling
SMI: Growth Conts. - Confidence Medium, Falling
SMI: Growth Conts. - Prices Charged Slow, Rising
SMI: Growth Conts. - Staffing Levels Stable, Stable
SMI: Growth Conts. - Market Growth Slow, Increasing
SMI: Growth Conts. - New Sales Medium, Increasing
SMI: Americas - SMI Slow, Falling
SMI: Americas - Prices Charged Slow, Falling
SMI: Americas - Future Confidence Medium, Increasing
SMI: Americas - Staffing Levels Slow, Falling
SMI: Americas - New Sales Stable, Falling
SMI: Americas - Market Growth Slow, Falling
SMI: Asia - SMI Medium, Falling
SMI: Asia - New Sales Fast, Falling
SMI: Asia - Staffing Levels Slow, Falling
SMI: Asia - Market Growth Medium, Falling
SMI: Asia - Prices Charged Stable, Rising
SMI: Asia - Future Confidence Fast, Falling
SMI: Global - SMI Slow, Falling
SMI: Global - Prices Charged Slow, Falling
SMI: Global - Market Growth Slow, Falling
SMI: Global - Future Confidence Medium, Increasing
SMI: Global - Staffing Levels Stable, Falling
SMI: Global - New Sales Slow, Falling
SMI: Global - Non-Man - Market Slow, Falling
SMI: Global - Non-Man - Confidence Fast, Falling
SMI: Global - Non-Man - Sales Medium, Increasing
SMI: Global - Non-Man - Prices Slow, Increasing
SMI: Global - Non-Man - Staffing Slow, Falling
SMI: Global - Man - SMI Slow, Falling
SMI: Global - Man - Confidence Medium, Increasing
SMI: Global - Man - Sales Slow, Falling
SMI: Global - Man - Market Stable, Falling
SMI: Global - Man - Staffing Stable, Falling
SMI: Global - Man - Prices Slow, Falling
GMI: Global - Trading conditions Medium, Falling
GMI: Americas - Marketing Index Slow, Increasing
GMI: Asia Pacific - Marketing Index Slow, Falling
GMI: European - Marketing Index Medium, Falling
GMI: Global - Marketing Index Slow, Falling
GMI: Global - Staffing Medium, Increasing
GMI: Global - Marketing budgets Slow, Falling
SMI: Philippines - SMI Very Fast, Falling
SMI: Philippines - Confidence Very Fast, Falling
SMI: Philippines - Prices Charged Fast, Stable
SMI: Philippines - New Sales Very Fast, Falling
SMI: Philippines - Market Growth Very Fast, Falling
SMI: Philippines - Staffing Levels Very Fast, Stable
SMI: LatAm - SMI Stable, Increasing
SMI: LatAm - Prices Charged Medium, Rising
SMI: LatAm - Business Confidence Slow, Increasing
SMI: LatAm - Market Growth Stable, Increasing
SMI: LatAm - Staffing Levels Moderate, Increasing
SMI: LatAm - New Sales Slow, Increasing
SMI: Mexico - SMI Slow, Increasing
SMI: Mexico - Staffing Levels Stable, Increasing
SMI: Mexico - Business Confidence Slow, Increasing
SMI: Mexico - New Sales Slow, Increasing
SMI: Mexico - Prices Charged Slow, Rising
SMI: Mexico - Market Growth Slow, Increasing
SMI: Africa - SMI Medium, Falling
SMI: Africa - Prices Charged Slow, Falling
SMI: Africa - Business Confidence Very Fast, Falling
SMI: Africa - Staffing Levels Slow, Falling
SMI: Africa - New Sales Medium, Falling
SMI: Africa - Market Growth Medium, Falling
SMI: South Africa - SMI Medium, Increasing
SMI: South Africa - Staffing Levels Slow, Increasing
SMI: South Africa - Business Confidence Medium, Increasing
SMI: South Africa - Prices Charged Fast, Rising
SMI: South Africa - New Sales Medium, Increasing
SMI: South Africa - Market Growth Medium, Increasing
SMI: Nigeria - SMI Fast, Falling
SMI: Nigeria - Staffing Levels Slow, Falling
SMI: Nigeria - Business Confidence Very Fast, Falling
SMI: Nigeria - Prices Charged Medium, Rising
SMI: Nigeria - Market Growth Medium, Falling
SMI: Nigeria - New Sales Slow, Falling
SMI: Mongolia - SMI Rapid, Falling
SMI: Mongolia - New Sales Rapid, Falling
SMI: Mongolia - Future Confidence Rapid, Increasing
SMI: Mongolia - Prices Charged Rapid, Falling
SMI: Mongolia - Staffing Levels Rapid, Falling
SMI: Mongolia - Market Growth Rapid, Falling
SMI: India - SMI Fast, Falling
SMI: India - Market Growth Fast, Falling
SMI: India - Prices Charged Stable, Rising
SMI: India - Business Confidence Very Fast, Falling
SMI: India - Staffing Levels Fast, Increasing
SMI: India - New Sales Very Fast, Falling
SMI: China - SMI Slow, Falling
SMI: China - Staffing Levels Stable, Falling
SMI: China - Market Growth Slow, Falling
SMI: China - New Sales Slow, Falling
SMI: China - Prices Charged Slow, Falling
SMI: China - Business Confidence Slow, Falling
SMI: USA - SMI Slow, Falling
SMI: USA - Business Confidence Medium, Increasing
SMI: USA - Prices Charged Stable, Falling
SMI: USA - Market Growth Slow, Falling
SMI: USA - New Sales Slow, Falling
SMI: USA - Staffing Levels Slow, Falling
GPI: Global - Gas Price Index Falling
GPI: United States Falling
GPI: China Falling
GPI: Japan Falling
GPI: India Falling
GPI: Germany Falling
GPI: United Kingdom Falling
GPI: Russia Falling
GPI: France Falling
GPI: Brazil Rising
GPI: Italy Falling
HPI: Global - Hospitality Index Falling
HPI: United States Rising
HPI: China Falling
HPI: Japan Rising
HPI: India Falling
HPI: Germany Rising
HPI: United Kingdom Falling
HPI: Russia Falling
HPI: France Rising
HPI: Brazil Rising
HPI: Italy Falling
CFPI: Global - Cost of Fun Index Rising
CFPI: United States Rising
CFPI: China Rising
CFPI: Japan Rising
CFPI: India Rising
CFPI: Germany Rising
CFPI: United Kingdom Rising
CFPI: Russia Rising
CFPI: France Rising
CFPI: Brazil Rising
CFPI: Italy Rising
DPI: Global - Durables Price Index Falling
DPI: United States Falling
DPI: China Falling
DPI: Japan Stable
DPI: India Rising
DPI: Germany Rising
DPI: United Kingdom Rising
DPI: Russia Rising
DPI: France Falling
DPI: Brazil Falling
DPI: Italy Falling
WPI: Eurozone Falling
WPI: China Falling
WPI: Japan Falling
WPI: India Rising
WPI: Germany Falling
WPI: United Kingdom Stable
WPI: Russia Rising
WPI: Brazil Falling
WPI: Italy Stable
WPI: Argentina Rising
WPI: Mexico Stable
WPI: South Korea Falling
WPI: Canada Stable
WPI: France Stable
WPI: Spain Stable
WPI: Turkey Stable
WPI: Greece Stable
FPI: Global - Food Price Index Rising
FPI: United States Rising
FPI: China Rising
FPI: Japan Rising
FPI: India Falling
FPI: Germany Falling
FPI: United Kingdom Falling
FPI: Russia Rising
FPI: France Falling
FPI: Brazil Rising
FPI: Italy Falling


















































Global GDP Data

Data Quality Index

  Data Quality Index
The data quality index is designed to review the accuracy of GDP data worldwide. Most GDP data is flawed to an extent few realise. See just how misleading GDP data can be here.
Historical GDP Database

  Global GDP Database
Download the world’s most comprehensive GDP database. Covering over 130 countries with historical GDP PPP data from 1870-2014.

Global Price Indexes

The World Price Index

  February 2016
World Price Index
The WPI provides a monthly index of PPP exchange rates against the US Dollar across the world’s 15 largest economies.
Food Price Index

  February 2016
Food Price Index
The World Economics Food Price Index (FPI) is based on average end-user prices for a typical basket of grocery items in national currencies
Durable Goods Price Index

  FEBRUARY 2016
Durable Goods Price Index
Price Index for durable goods. e.g. Kettles and homeware.
Gasoline Price Index

  JANUARY 2016
Gasoline / Petrol Price Index
Analysis of the average end-user prices for RON-95 Petrol in indexed from national currencies.
Hospitality Goods Price Index

  JANUARY 2016
Hospitality Goods Price Index
Hospitality service prices for the 15 top global economies in comparable index form.
Cost of Fun Price Index

  JANUARY 2016
Cost of Fun Price Index
The cost of recreational goods and services from Golf Clubs, iPads, music downloads to holiday flights.

Recent Papers

New on World Economics: Measuring GDP in Europe


  SEPTEMBER 2015
Measuring GDP in Europe
New on World Economics: Measuring GDP in North and South America


  SEPTEMBER 2015
Measuring GDP in North and South America
New on World Economics: Measuring GDP in Africa


  AUGUST 2015
Measuring GDP in Africa
New on World Economics: Measuring GDP in Asia


  AUGUST 2015
Measuring GDP in Asia
New on World Economics: How Errors in Seasonal Adjustment Factors for US GDP contributes to misleading National Accounts Data


  JULY 2015
How Errors in Seasonal Adjustment Factors for US GDP contributes to misleading National Accounts Data
New on World Economics: Sterling is the most debased currency


  MARCH 2015
Sterling is the most debased currency
New on World Economics: Global Growth Tracker


  MARCH 2015
Global Growth Tracker
New on World Economics: Tanzania’s GDP grows 31.4 percent after rebasing


  FEBRUARY 2015
Tanzania’s GDP grows 31.4 percent after rebasing
New on World Economics: Argentina’s Inflation Data Problems


  FEBRUARY 2014
Argentina’s Inflation Data Problems
New on World Economics: Measuring Argentina's GDP: Myths And Facts


  JANUARY 2014
Measuring Argentina's GDP: Myths And Facts
New on World Economics: China Becomes the Worlds largest Economy in 2013


  DECEMBER 2013
China Becomes the Worlds largest Economy in 2013
New on World Economics: How to create a British Sovereign Wealth Fund


  NOVEMBER 2013
How to create a British Sovereign Wealth Fund
New on World Economics: Understanding Commercial Property Price Indexes


  OCTOBER 2013
Understanding Commercial Property Price Indexes
New on World Economics: The Need to Improve Global Real Estate Data


  SEPTEMBER 2013
The Need to Improve Global Real Estate Data
New on World Economics: The Nutella Tax: patronising, protectionist and promoting poverty


  SEPTEMBER 2013
The Nutella Tax: patronising, protectionist and promoting poverty
New on World Economics: Emerging Market Economic Data Cannot be Trusted


  AUGUST 2013
Emerging Market Economic Data Cannot be Trusted
New on World Economics: Demystifying Youth Unemployment


  AUGUST 2013
Demystifying Youth Unemployment

Spotlight: When to Buy and When to Sell Equities?


When to Buy and When to Sell Equities?


Spotlight: Growing US trade imbalance with China


Growing US trade imbalance with China


Spotlight: The UK Bank Rate (1694 – 2016)


The Bank Rate (1694 – 2014)

Spotlight: Eurozone Inflation (1997 – 2016)


The Bank Rate (1694 – 2014)




Classic Papers from the Archive



  What do Economists Know?
Economists can be confident about quite a lot of what they do think they know, even when they are disbelieved by large parts of the public not to mention political leaders and policy makers. Sir Alan Budd revisits some fundamentals.


  How to Tackle Poverty
This article argues that, beyond the headline-grabbing generalities, development economists are building up a detailed body of empirical evidence specific to individual countries which will shape more effective policy interventions in the years ahead.


  The Economics of Epidemics
An analysis of the economic implications of the Great Plague in the fourteenth century, the 1918–19 influenza epidemic, the HIV/AIDS curse and SARS to demonstrate the short- and long-term effects of different kinds of epidemics.


  The Value of Vaccination
Despite advances during the twentieth century, immunization coverage is far from universal and faces significant obstacles in both developing and developed countries. The paper shows that the economic effects via improved health - have been underestimated, thereby causing the rate of return to be underestimated.



  How Many Wildebeest do You Need?
A close look at the Wildlife Act, by pandering to the welfare lobby, the act removes all remaining incentives for communities and landowners to keep wildlife on their land.


  The Economics of Copyright
A review of the economic issues behind copyright and how these are challenged by changes in technology and market structure


  The Case for Narrow Banking
The paper argues that regulatory reform should emphasise systemic resilience and robustness, not more detailed behaviour prescription.
 


  The Costs of Violent Crime
A review of a number of studies that have sought to estimate the economic costs of criminal offending and, more specifically, violent crime.


  An Economic Analysis of the Mafia
This paper reviews the current economic thinking on the Mafia phenomenon and distinguishes the Mafia from ordinary criminal gangs by the desire of the exclusive right to commit criminal acts.



  Weapons Exports - The Bogus Moral Dilemma
Samuel Brittan argues that "unaffordable" ethical arms exports arise from a failure to understand the circular flow of income, the fallacy of a "lump of labour" and a long discredited mercantilist view of trade.


  Measuring Global Drug Markets
The continuing demand for measures of the size of global drug revenues has produced a supply of numbers that consistently overstate international financial flows. This paper shows that, rather than $500 billion, the annual figure in trade terms may be about $25 billion.




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