Observations

May 2026: 54.26311

Updated: Jul 14, 2026 2:49 PM CDT

Units:

Index,

Not Seasonally Adjusted

Frequency:

Monthly

Notes

Title	Release Dates

Index of Global Real Economic Activity	2021-04-12	2026-07-14

Source

Federal Reserve Bank of Dallas	2021-04-12	2026-07-14

Release

Index of Global Real Economic Activity	2021-04-12	2026-07-14

Units

Index	2021-04-12	2026-07-14

Frequency

Monthly	2021-04-12	2026-07-14

Seasonal Adjustment

Not Seasonally Adjusted	2021-04-12	2026-07-14

Notes

This series is an updated index of global real economic activity in industrial commodity markets, as proposed in Kilian (2009) (https://doi.org/10.1257/aer.99.3.1053), with the correction discussed in Kilian (2019) (https://doi.org/10.1016/j.econlet.2019.03.001). 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) (https://doi.org/10.1016/j.jimonfin.2018.07.001).	2021-04-12	2026-07-14

Index of Global Real Economic Activity (IGREA)