Released: 31 August 2021
Global Growth Recovering - Slowly
The Global Growth Index continues to rise, but on the two steps forward, one step back basis.
In August the Sales & Market Growth Indexes hit 2 year highs, but the Business Confidence Index fell back a little, and the Staffing Index recoiled to a meagre 50.3, suggesting little or no growth in jobs.
The Price Index whilst moderating its growth rate marginally in comparison with July data, reflected another very significant jump in prices of many kinds in August.
Supply chain shortages provide one reason for increasing prices at present, and the impact of governments everywhere opening the money taps to attempt to preserve economic activity in the face of Covid, provide another. As commerce starts to return to some semblance of normality over the next few months, it should become easier to judge whether the prolonged and gigantic episode of money creation has sparked a more profound period of dangerous price inflation.
Global Sales Growth Index
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