Table Data - Index of Global Real Economic Activity

Title Index of Global Real Economic Activity
Series ID IGREA
Source Federal Reserve Bank of Dallas
Release Index of Global Real Economic Activity
Seasonal Adjustment Not Seasonally Adjusted
Frequency Monthly
Units Index
Date Range 1968-01-01 to 2026-05-01
Last Updated 2026-07-14 2:49 PM CDT
Notes This series is an updated index of global real economic activity in industrial commodity markets, as proposed in Kilian (2009), with the correction discussed in Kilian (2019). This business-cycle index is expressed in percent deviations from trend. It is derived from a panel of dollar-denominated global bulk dry cargo shipping rates and may be viewed as a proxy for the volume of shipping in global industrial commodity markets. For further discussion of the advantages of this index compared with measures of global real GDP or global industrial production see Kilian and Zhou (2018).
DATE VALUE
1968-01-01 -12.456256000
1968-02-01 -9.134357200
1968-03-01 -10.969664000
1968-04-01 -11.094678000
1968-05-01 -10.360472000
1968-06-01 -7.410740500
1968-07-01 -12.039383000
1968-08-01 -15.668531000
1968-09-01 -14.898836000
1968-10-01 -19.826571000
1968-11-01 -8.577417700
1968-12-01 -16.258425000
1969-01-01 -18.620108000
1969-02-01 -17.828738000
1969-03-01 -16.711366000
1969-04-01 -22.553645000
1969-05-01 -27.448243000
1969-06-01 -18.477477000
1969-07-01 -26.267127000
1969-08-01 -21.676692000
1969-09-01 -14.117452000
1969-10-01 -6.354417000
1969-11-01 -0.660608190
1969-12-01 3.992557300
1970-01-01 25.523455000
1970-02-01 39.772507000
1970-03-01 53.854503000
1970-04-01 55.166481000
1970-05-01 56.712566000
1970-06-01 52.211903000
1970-07-01 47.790929000
1970-08-01 53.710689000
1970-09-01 59.034821000
1970-10-01 59.476339000
1970-11-01 54.335194000
1970-12-01 16.677097000
1971-01-01 7.891125600
1971-02-01 -16.058973000
1971-03-01 -17.809884000
1971-04-01 -23.067032000
1971-05-01 -29.793311000
1971-06-01 -53.384484000
1971-07-01 -59.601880000
1971-08-01 -63.553227000
1971-09-01 -50.115041000
1971-10-01 -59.839758000
1971-11-01 -43.602687000
1971-12-01 -48.076498000
1972-01-01 -60.072256000
1972-02-01 -66.928687000
1972-03-01 -69.502477000
1972-04-01 -60.299451000
1972-05-01 -64.245469000
1972-06-01 -66.986283000
1972-07-01 -56.794281000
1972-08-01 -63.158505000
1972-09-01 -8.814218900
1972-10-01 -5.922180000
1972-11-01 -4.779586200
1972-12-01 9.220937900
1973-01-01 20.695864000
1973-02-01 29.440025000
1973-03-01 38.555848000
1973-04-01 42.955783000
1973-05-01 50.231902000
1973-06-01 57.690085000
1973-07-01 59.156118000
1973-08-01 69.675083000
1973-09-01 81.103386000
1973-10-01 107.026550000
1973-11-01 104.056520000
1973-12-01 114.062080000
1974-01-01 105.593260000
1974-02-01 88.652769000
1974-03-01 98.238437000
1974-04-01 86.263399000
1974-05-01 104.020450000
1974-06-01 82.351250000
1974-07-01 62.048771000
1974-08-01 58.683357000
1974-09-01 60.431833000
1974-10-01 61.586207000
1974-11-01 59.001024000
1974-12-01 21.837875000
1975-01-01 -0.726636770
1975-02-01 -9.674279500
1975-03-01 -26.477347000
1975-04-01 -41.231012000
1975-05-01 -43.896732000
1975-06-01 -36.751930000
1975-07-01 -41.736097000
1975-08-01 -45.448808000
1975-09-01 -34.239695000
1975-10-01 -33.831016000
1975-11-01 -23.933585000
1975-12-01 -35.556305000
1976-01-01 -45.861789000
1976-02-01 -50.121471000
1976-03-01 -32.392761000
1976-04-01 -28.804569000
1976-05-01 -19.211253000
1976-06-01 -16.083532000
1976-07-01 -21.393666000
1976-08-01 -23.878378000
1976-09-01 -24.611825000
1976-10-01 -20.701512000
1976-11-01 -19.272809000
1976-12-01 -35.675402000
1977-01-01 -49.057860000
1977-02-01 -44.969435000
1977-03-01 -45.307955000
1977-04-01 -43.429681000
1977-05-01 -35.682621000
1977-06-01 -40.458791000
1977-07-01 -44.255882000
1977-08-01 -46.963048000
1977-09-01 -47.123738000
1977-10-01 -32.895075000
1977-11-01 -33.376220000
1977-12-01 -37.948778000
1978-01-01 -38.422673000
1978-02-01 -38.733894000
1978-03-01 -39.200700000
1978-04-01 -39.820143000
1978-05-01 -22.719443000
1978-06-01 -17.156183000
1978-07-01 -25.760634000
1978-08-01 -26.203357000
1978-09-01 -13.938287000
1978-10-01 -17.976476000
1978-11-01 -3.954681600
1978-12-01 -6.957829800
1979-01-01 -16.237038000
1979-02-01 -10.786346000
1979-03-01 7.113053800
1979-04-01 9.091008300
1979-05-01 28.894280000
1979-06-01 46.178325000
1979-07-01 54.203708000
1979-08-01 37.107549000
1979-09-01 43.675057000
1979-10-01 43.601516000
1979-11-01 49.111598000
1979-12-01 35.299495000
1980-01-01 34.677102000
1980-02-01 40.032114000
1980-03-01 42.009209000
1980-04-01 60.340687000
1980-05-01 63.497438000
1980-06-01 56.736963000
1980-07-01 44.623869000
1980-08-01 53.377323000
1980-09-01 54.626686000
1980-10-01 54.511740000
1980-11-01 64.337658000
1980-12-01 67.975783000
1981-01-01 63.667327000
1981-02-01 61.478534000
1981-03-01 49.956100000
1981-04-01 45.605448000
1981-05-01 35.536315000
1981-06-01 40.791713000
1981-07-01 32.442463000
1981-08-01 14.848913000
1981-09-01 12.774670000
1981-10-01 15.307517000
1981-11-01 14.339678000
1981-12-01 7.395059100
1982-01-01 2.818850600
1982-02-01 -6.522662000
1982-03-01 2.702626800
1982-04-01 10.648588000
1982-05-01 7.501496700
1982-06-01 -16.841306000
1982-07-01 -41.140828000
1982-08-01 -43.485943000
1982-09-01 -27.681574000
1982-10-01 -27.115087000
1982-11-01 -24.521399000
1982-12-01 -19.769958000
1983-01-01 -17.740361000
1983-02-01 -12.865589000
1983-03-01 -9.976117400
1983-04-01 -7.287716100
1983-05-01 -7.493901200
1983-06-01 -22.431274000
1983-07-01 -33.686683000
1983-08-01 -34.730883000
1983-09-01 -31.713938000
1983-10-01 -28.745821000
1983-11-01 -21.369012000
1983-12-01 -31.692104000
1984-01-01 -29.826761000
1984-02-01 -23.196783000
1984-03-01 -18.948752000
1984-04-01 -14.977792000
1984-05-01 -15.613143000
1984-06-01 -24.466743000
1984-07-01 -29.356494000
1984-08-01 -28.508342000
1984-09-01 -25.365240000
1984-10-01 -24.094084000
1984-11-01 -16.549458000
1984-12-01 -19.708076000
1985-01-01 -23.264072000
1985-02-01 -27.594450000
1985-03-01 -25.865016000
1985-04-01 -20.882504000
1985-05-01 -24.905625000
1985-06-01 -34.410650000
1985-07-01 -50.155959000
1985-08-01 -57.615730000
1985-09-01 -50.066499000
1985-10-01 -36.996553000
1985-11-01 -36.176619000
1985-12-01 -36.026189000
1986-01-01 -37.780300000
1986-02-01 -51.733514000
1986-03-01 -55.376084000
1986-04-01 -61.539730000
1986-05-01 -66.376847000
1986-06-01 -69.337952000
1986-07-01 -80.963784000
1986-08-01 -78.300377000
1986-09-01 -54.260753000
1986-10-01 -48.813302000
1986-11-01 -51.133358000
1986-12-01 -60.124303000
1987-01-01 -46.528207000
1987-02-01 -41.800515000
1987-03-01 -35.092264000
1987-04-01 -25.196055000
1987-05-01 -19.448411000
1987-06-01 -30.736888000
1987-07-01 -33.681541000
1987-08-01 -18.798849000
1987-09-01 -22.346891000
1987-10-01 -17.345940000
1987-11-01 -12.334512000
1987-12-01 -5.145405900
1988-01-01 2.869680200
1988-02-01 14.117578000
1988-03-01 19.211004000
1988-04-01 11.669115000
1988-05-01 5.219451600
1988-06-01 -5.092506800
1988-07-01 -11.451166000
1988-08-01 -9.384283500
1988-09-01 -4.836542200
1988-10-01 -1.927438100
1988-11-01 7.849002700
1988-12-01 11.319924000
1989-01-01 17.786567000
1989-02-01 12.223333000
1989-03-01 17.544150000
1989-04-01 16.976459000
1989-05-01 21.532420000
1989-06-01 3.120025800
1989-07-01 1.041879200
1989-08-01 2.422720900
1989-09-01 3.898572700
1989-10-01 10.605489000
1989-11-01 18.147000000
1989-12-01 14.559978000
1990-01-01 16.489977000
1990-02-01 13.054542000
1990-03-01 12.501738000
1990-04-01 2.664537400
1990-05-01 -6.240110700
1990-06-01 -15.069490000
1990-07-01 -25.051991000
1990-08-01 -16.037485000
1990-09-01 -18.635482000
1990-10-01 -14.620664000
1990-11-01 -9.658529800
1990-12-01 -0.383379410
1991-01-01 0.242447560
1991-02-01 9.997026800
1991-03-01 17.935789000
1991-04-01 10.482172000
1991-05-01 14.316111000
1991-06-01 16.498882000
1991-07-01 8.024385800
1991-08-01 2.861849000
1991-09-01 5.969096400
1991-10-01 10.310200000
1991-11-01 10.906822000
1991-12-01 5.465365000
1992-01-01 2.589604300
1992-02-01 -10.766282000
1992-03-01 -18.094838000
1992-04-01 -21.911883000
1992-05-01 -14.245689000
1992-06-01 -22.251358000
1992-07-01 -31.679397000
1992-08-01 -31.632820000
1992-09-01 -33.000328000
1992-10-01 -32.407481000
1992-11-01 -19.642045000
1992-12-01 -7.838281200
1993-01-01 -12.461416000
1993-02-01 -10.298920000
1993-03-01 -2.181424300
1993-04-01 1.848951300
1993-05-01 7.928812900
1993-06-01 4.590143600
1993-07-01 -6.893922400
1993-08-01 -6.211620200
1993-09-01 -4.043657300
1993-10-01 -7.590645400
1993-11-01 -13.170465000
1993-12-01 -18.347066000
1994-01-01 -18.831897000
1994-02-01 -24.909495000
1994-03-01 -25.536969000
1994-04-01 -13.312689000
1994-05-01 -0.412639910
1994-06-01 -9.743749700
1994-07-01 -5.764561100
1994-08-01 -0.520176690
1994-09-01 3.156283600
1994-10-01 19.494314000
1994-11-01 22.336033000
1994-12-01 29.101060000
1995-01-01 30.198054000
1995-02-01 28.751071000
1995-03-01 38.568857000
1995-04-01 41.123118000
1995-05-01 40.692413000
1995-06-01 29.227177000
1995-07-01 27.451222000
1995-08-01 33.286124000
1995-09-01 29.466436000
1995-10-01 13.557745000
1995-11-01 9.913703400
1995-12-01 7.996107500
1996-01-01 2.974125000
1996-02-01 -4.633396300
1996-03-01 -8.408049700
1996-04-01 -3.624247700
1996-05-01 -6.437777500
1996-06-01 -17.117209000
1996-07-01 -30.047276000
1996-08-01 -32.912492000
1996-09-01 -38.358188000
1996-10-01 -29.065919000
1996-11-01 -4.595637800
1996-12-01 -2.158113500
1997-01-01 -3.809753400
1997-02-01 -5.488027600
1997-03-01 -3.046034700
1997-04-01 -9.328380400
1997-05-01 -16.762771000
1997-06-01 -17.254325000
1997-07-01 -12.083655000
1997-08-01 -15.659755000
1997-09-01 -15.510525000
1997-10-01 -13.469993000
1997-11-01 -20.224485000
1997-12-01 -20.282014000
1998-01-01 -26.849960000
1998-02-01 -42.691793000
1998-03-01 -35.660246000
1998-04-01 -42.584534000
1998-05-01 -42.970076000
1998-06-01 -51.878554000
1998-07-01 -58.523243000
1998-08-01 -63.483704000
1998-09-01 -54.635930000
1998-10-01 -42.630525000
1998-11-01 -45.159851000
1998-12-01 -57.359581000
1999-01-01 -62.946237000
1999-02-01 -58.752740000
1999-03-01 -44.090342000
1999-04-01 -49.138135000
1999-05-01 -35.018457000
1999-06-01 -42.067954000
1999-07-01 -43.543415000
1999-08-01 -36.792773000
1999-09-01 -27.914276000
1999-10-01 -12.362249000
1999-11-01 -12.748560000
1999-12-01 -12.147303000
2000-01-01 -10.213519000
2000-02-01 -8.868096800
2000-03-01 5.808143900
2000-04-01 8.892693300
2000-05-01 4.906137600
2000-06-01 3.675035900
2000-07-01 5.359796900
2000-08-01 6.815452300
2000-09-01 10.819376000
2000-10-01 12.089681000
2000-11-01 11.388977000
2000-12-01 4.538372200
2001-01-01 1.424548600
2001-02-01 -4.352717000
2001-03-01 -2.700274800
2001-04-01 -6.989292900
2001-05-01 -6.708606000
2001-06-01 -11.795458000
2001-07-01 -24.637312000
2001-08-01 -45.305270000
2001-09-01 -49.169739000
2001-10-01 -53.823982000
2001-11-01 -58.508413000
2001-12-01 -56.546777000
2002-01-01 -49.773030000
2002-02-01 -46.708204000
2002-03-01 -36.442922000
2002-04-01 -35.603533000
2002-05-01 -39.720129000
2002-06-01 -43.357690000
2002-07-01 -44.120056000
2002-08-01 -42.824283000
2002-09-01 -26.303251000
2002-10-01 -11.963488000
2002-11-01 -5.234605800
2002-12-01 7.965259400
2003-01-01 9.358993200
2003-02-01 7.791287000
2003-03-01 17.791096000
2003-04-01 29.284592000
2003-05-01 37.394995000
2003-06-01 33.100314000
2003-07-01 35.527211000
2003-08-01 39.457691000
2003-09-01 46.756778000
2003-10-01 99.516578000
2003-11-01 101.696920000
2003-12-01 109.702310000
2004-01-01 122.058990000
2004-02-01 126.150180000
2004-03-01 120.070770000
2004-04-01 106.709600000
2004-05-01 84.268935000
2004-06-01 62.621591000
2004-07-01 89.061340000
2004-08-01 99.022722000
2004-09-01 98.198317000
2004-10-01 107.015880000
2004-11-01 122.381070000
2004-12-01 126.426500000
2005-01-01 106.277290000
2005-02-01 106.690890000
2005-03-01 109.664570000
2005-04-01 106.349700000
2005-05-01 85.388504000
2005-06-01 56.689304000
2005-07-01 34.864806000
2005-08-01 33.829794000
2005-09-01 56.569729000
2005-10-01 68.569191000
2005-11-01 61.171262000
2005-12-01 49.867233000
2006-01-01 35.503206000
2006-02-01 43.357816000
2006-03-01 49.522657000
2006-04-01 43.895768000
2006-05-01 42.825924000
2006-06-01 53.451848000
2006-07-01 64.598868000
2006-08-01 83.289541000
2006-09-01 93.065935000
2006-10-01 93.404101000
2006-11-01 97.463767000
2006-12-01 100.511950000
2007-01-01 103.376750000
2007-02-01 101.711050000
2007-03-01 116.617530000
2007-04-01 128.099520000
2007-05-01 138.524700000
2007-06-01 128.100220000
2007-07-01 141.068380000
2007-08-01 150.260480000
2007-09-01 167.538530000
2007-10-01 186.944030000
2007-11-01 187.452850000
2007-12-01 180.571110000
2008-01-01 148.595860000
2008-02-01 144.304530000
2008-03-01 160.067420000
2008-04-01 162.742590000
2008-05-01 189.211090000
2008-06-01 182.652610000
2008-07-01 168.436940000
2008-08-01 149.931730000
2008-09-01 110.266370000
2008-10-01 10.075624000
2008-11-01 -67.161105000
2008-12-01 -75.907041000
2009-01-01 -56.269801000
2009-02-01 13.178363000
2009-03-01 20.971974000
2009-04-01 4.466570200
2009-05-01 47.080543000
2009-06-01 87.307252000
2009-07-01 74.653218000
2009-08-01 51.999509000
2009-09-01 38.688717000
2009-10-01 54.085535000
2009-11-01 90.046262000
2009-12-01 80.329481000
2010-01-01 68.428217000
2010-02-01 51.886525000
2010-03-01 70.046068000
2010-04-01 64.939969000
2010-05-01 88.368820000
2010-06-01 66.834039000
2010-07-01 18.771356000
2010-08-01 42.952506000
2010-09-01 54.112238000
2010-10-01 52.969931000
2010-11-01 38.017205000
2010-12-01 24.435475000
2011-01-01 -12.856399000
2011-02-01 -30.093696000
2011-03-01 -7.001012200
2011-04-01 -17.891377000
2011-05-01 -17.345448000
2011-06-01 -11.374356000
2011-07-01 -16.309443000
2011-08-01 -14.901107000
2011-09-01 13.336209000
2011-10-01 25.310576000
2011-11-01 13.139359000
2011-12-01 15.090534000
2012-01-01 -43.683600000
2012-02-01 -82.887582000
2012-03-01 -62.840487000
2012-04-01 -45.604545000
2012-05-01 -37.616601000
2012-06-01 -53.476750000
2012-07-01 -41.385393000
2012-08-01 -74.626498000
2012-09-01 -82.265685000
2012-10-01 -52.576869000
2012-11-01 -44.935544000
2012-12-01 -62.776110000
2013-01-01 -73.282646000
2013-02-01 -77.042116000
2013-03-01 -60.378107000
2013-04-01 -60.242970000
2013-05-01 -62.740339000
2013-06-01 -52.856793000
2013-07-01 -35.139895000
2013-08-01 -38.381346000
2013-09-01 5.214759600
2013-10-01 16.712665000
2013-11-01 -2.206072100
2013-12-01 31.144075000
2014-01-01 -8.085355300
2014-02-01 -33.629588000
2014-03-01 -7.273404700
2014-04-01 -42.342107000
2014-05-01 -47.659972000
2014-06-01 -56.025747000
2014-07-01 -69.583837000
2014-08-01 -53.028012000
2014-09-01 -34.796456000
2014-10-01 -36.568698000
2014-11-01 -17.152666000
2014-12-01 -54.830851000
2015-01-01 -76.683956000
2015-02-01 -106.368690000
2015-03-01 -99.914478000
2015-04-01 -97.214633000
2015-05-01 -96.426852000
2015-06-01 -80.757289000
2015-07-01 -47.441850000
2015-08-01 -38.430100000
2015-09-01 -56.189693000
2015-10-01 -67.514089000
2015-11-01 -98.361748000
2015-12-01 -109.553480000
2016-01-01 -138.902580000
2016-02-01 -161.611100000
2016-03-01 -139.521240000
2016-04-01 -93.696658000
2016-05-01 -91.742162000
2016-06-01 -93.814026000
2016-07-01 -78.428927000
2016-08-01 -83.450213000
2016-09-01 -62.833245000
2016-10-01 -58.100978000
2016-11-01 -37.015541000
2016-12-01 -39.203024000
2017-01-01 -54.020131000
2017-02-01 -71.783709000
2017-03-01 -30.829996000
2017-04-01 -23.976777000
2017-05-01 -46.490927000
2017-06-01 -58.723388000
2017-07-01 -53.400516000
2017-08-01 -30.493984000
2017-09-01 -13.088186000
2017-10-01 -4.517363900
2017-11-01 -6.684671400
2017-12-01 4.010073200
2018-01-01 -22.737517000
2018-02-01 -32.769834000
2018-03-01 -30.042286000
2018-04-01 -32.326469000
2018-05-01 -18.822621000
2018-06-01 -14.284600000
2018-07-01 5.722487100
2018-08-01 9.281830100
2018-09-01 -7.458170800
2018-10-01 -0.972602060
2018-11-01 -26.675185000
2018-12-01 -15.247671000
2019-01-01 -37.783652000
2019-02-01 -90.389133000
2019-03-01 -82.804338000
2019-04-01 -70.194868000
2019-05-01 -40.769104000
2019-06-01 -28.065523000
2019-07-01 18.422234000
2019-08-01 24.313706000
2019-09-01 37.230401000
2019-10-01 16.011960000
2019-11-01 -9.320617900
2019-12-01 -12.159762000
2020-01-01 -79.991163000
2020-02-01 -121.783500000
2020-03-01 -94.643827000
2020-04-01 -83.713830000
2020-05-01 -114.049820000
2020-06-01 -29.200247000
2020-07-01 5.871630100
2020-08-01 -1.769055200
2020-09-01 -9.042879100
2020-10-01 5.488922200
2020-11-01 -26.940014000
2020-12-01 -21.925841000
2021-01-01 6.723576500
2021-02-01 -3.464003600
2021-03-01 25.843334000
2021-04-01 45.800861000
2021-05-01 63.369317000
2021-06-01 61.573581000
2021-07-01 69.650173000
2021-08-01 84.965381000
2021-09-01 98.889633000
2021-10-01 109.791890000
2021-11-01 54.072715000
2021-12-01 55.403897000
2022-01-01 7.457086300
2022-02-01 11.049208000
2022-03-01 39.580008000
2022-04-01 29.010370000
2022-05-01 56.424674000
2022-06-01 34.487043000
2022-07-01 20.673037000
2022-08-01 -17.814969000
2022-09-01 -12.896878000
2022-10-01 6.588681100
2022-11-01 -26.900235000
2022-12-01 -15.545958000
2023-01-01 -62.813903000
2023-02-01 -95.304079000
2023-03-01 -19.046963000
2023-04-01 -14.374317000
2023-05-01 -18.790157000
2023-06-01 -45.750456000
2023-07-01 -49.738919000
2023-08-01 -40.001094000
2023-09-01 -21.054544000
2023-10-01 8.315836000
2023-11-01 6.334545400
2023-12-01 38.959808000
2024-01-01 -6.263952900
2024-02-01 20.152156000
2024-03-01 25.494529000
2024-04-01 -0.020865776
2024-05-01 9.148650700
2024-06-01 10.771344000
2024-07-01 10.925849000
2024-08-01 -0.558139210
2024-09-01 12.944486000
2024-10-01 -3.621303600
2024-11-01 -11.663305000
2024-12-01 -45.574733000
2025-01-01 -62.532114000
2025-02-01 -66.762705000
2025-03-01 -12.543429000
2025-04-01 -24.227454000
2025-05-01 -25.713291000
2025-06-01 -2.981273800
2025-07-01 4.549546800
2025-08-01 13.854023000
2025-09-01 19.740867000
2025-10-01 13.551154000
2025-11-01 22.606816000
2025-12-01 29.332120000
2026-01-01 1.847836600
2026-02-01 15.598630000
2026-03-01 15.196857000
2026-04-01 32.410114000
2026-05-01 54.263109000

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