OMB February 2018 – Our barometers of activity and inflation collapse

Our activity indicator fell into negative territory in February (-0.4), because of weaker economic indicators in all regions we cover, except for the USA. Barring investment, all components of our barometer saw declines of varying extents. Our inflation indicator fell sharply, from +1.1 in January to -0.3 in February, its lowest level since May 2017, partly due to lower oil prices.

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