News

FOR IMMEDIATE RELEASE

MONTREAL, QC, December 23, 2020 (Press Release) – Numera today released the latest update of its ‘Global Industrial Tracker’, which shows that global industrial production has been surprisingly resilient since the onset of the ‘second wave’.

Industrial growth exceeded expectations in October, rising 0.9% month-over-month (MoM), 0.5 points higher than anticipated last month based on preliminary data. Perhaps surprisingly, much of this improvement reflected above-trend growth in Western Europe (+1.6% MoM), which is explained by the fact that public health authorities allowed factories to remain operational, while imposing restrictions at the consumer level.

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FOR IMMEDIATE RELEASE

MONTREAL, QC, November 24, 2020 (Press Release) –Numera today released its advance estimates of global industrial production, which support the view that the global economy is decelerating this quarter due to the ‘second wave’.

Our revised estimate for October reveals worldwide production increased 0.5% MoM (-1.7% YoY), well below the pace of growth recorded between May and September (2% on average). The slowdown will likely continue this month: the most likely outcome is of growth of just 0.1% MoM, with a 40% probability of decline.

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