To the surprise of many, industrial growth around the world has kept falling – a development that ECRI predicted in the early spring. However, many have been caught off-guard not only by the slowing itself, but by how widespread this weakness has been, leaving few economies untouched.

Today, hopes for the global economy hinge on a cyclical revival in industrial production. Our latest report updates our forecast for global industrial activity, and whether the current downturn will persist in coming months.