Overview:
Counterpoint‘s Macro Index rose to 80.71 in September from 79.47 in June, helped by improving economic conditions in the US and EU, as well as improving tech business sentiment and consumer sentiment.
Global economic indicators in Q3 2023 improved in the US and EU as central banks slowed their tightening cycles and suggested that rates are nearing their peak. Additionally, CPI and PPI remain much below their post-pandemic highs. Conditions worsened in China where crisis in the housing sector and declining exports and domestic consumption challenge growth prospects.
Global Tech Sentiment improved through the quarter. Improving inventory situation and orders from OEMs helped conditions. Additionally, the successful IPO for ARM and Cisco’s acquisition of Splunk helped to add some needed excitement to the market as mergers, acquisitions, and IPOs have slowed in the current environment.
Table of Contents:
- Counterpoint Macro Index, Q3 2023
- Overview
- Tech Sector Analysis
- Regional Analysis
- Constituent Indices
- Contacts
Number of Pages: 51
Published Date: October 2023