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MONTREAL, QC, August 2, 2021 (Press Release) – Numera today released the latest update of its Global Industrial Tracker, which points to growth slowing into the second half.

Industrial production contracted 0.7% in May, primarily owing to substitution away from goods and towards contact services. In addition, demand for capital goods has started to weaken given an already very high investment share of GDP. High-frequency data points to a partial recovery in June and July, partly on the back of a ~6% increase in crude oil production in OPEC+ countries.

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MONTREAL, QC, June 30, 2021 (Press Release) – Numera today released the latest update of its Global Industrial Tracker, which points to growth normalizing into the second half.

Global industrial production should continue to benefit from unusually strong business investment, driven by low borrowing costs and further declines in economic uncertainty. Moreover, unlike manufacturing activity, falling public health risks should help boost mining activity and crude oil production.

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MONTREAL, QC, June 3, 2021 (Press Release) – Numera today released the latest update of its Global Industrial Tracker, which points to growth slowing into the second quarter.

After rising roughly 1% per month in Q1/21, global production rose an estimated 0.3% month-over-month in April – in line with its long-term trend. Looked at by region, most of the growth is now stemming from advanced economies, where improved business and consumer sentiment are boosting the production of investment and consumer goods.

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MONTREAL, QC, April 29, 2021 (Press Release) – Numera today released the latest update of its Global Industrial Tracker, which points to growth resuming into the second quarter.

As we expected, worldwide production fully recovered in March (+0.8% month-over-month), reflecting stronger operating conditions in the United States, as factories and oil miners ramped up production following severe weather disruptions the previous month.

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MONTREAL, QC, March 31, 2021 (Press Release) – Numera today released the latest update of its Global Industrial Tracker, which points to weakening production in early 2021.

Our revised estimate for February reveals a 1% drop versus January, mainly due to reduced production amid severe winter storms in the US South. The February weather shock pushes world industrial activity 1.8% below its pre-COVID path.

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MONTREAL, QC, February 26, 2021 (Press Release) –Numera today released the latest update of its Global Industrial Tracker, which points to weakening but positive output growth early in 2021. However, we expect industrial activity to accelerate during the summer months as higher vaccination rates lift demand for consumer goods.

Global industrial production grew 1.2% month-over-month in December. The strong performance primarily reflected strong growth in China and the United States. Production in China continues to benefit from strong credit growth and public investment, whereas operating conditions in the US have strengthened on the back of strong business and residential investment.

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MONTREAL, QC, January 26, 2021 (Press Release) – Numera today released the latest update of its Global Industrial Tracker, which reveals that global production accelerated in late 2020 even as mobility weakened. World industrial output increased 0.6% month-over-month (MoM) in November, even as growth weakened in advanced economies in response to tighter control measures.

Our revised estimate for December points to a strong 1.3% gain versus November, buoyed by sturdy output growth in China and the United States. Industrial activity in the US grew 1.6%, a 5-month high, as vaccine optimism caused a surge in orders for industrial equipment and intermediate inputs in anticipation of stronger final demand. By the end of 2020, global industrial production was 2.8% below its pre-crisis path, up from -14% last April.

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