Featured Data Additions: 2026

EMERGEMA → Ghana → National Accounts → Monthly Indicator of Economic Growth (MIEG)

The Monthly Indicator of Economic Growth (MIEG) for Ghana was added to EMERGEMA. The MIEG is an economic statistic designed to provide early monthly signals on the direction of the economy ahead of the full quarterly GDP release. Indexes and YoY growth rates are available for the total economy and its three major sectors – agriculture, industry and services. Monthly data are sourced from the Ghana Statistical Service and start in January 2023.

Chart: The economy expanded by 7.5% in January 2026 compared to the 8.2% recorded in January 2025. The data also show that all three major sectors of the economy recorded positive growth, pointing to continued broad-based economic momentum. The services sector was the standout performer recording growth of 9.6%, followed by industry at 7.2% and agriculture at 4.5%. These results suggest that Q1 GDP is likely to record moderate but steady growth, supported mainly by the services sector.

CNTRADE → Motor Vehicle Exports

Motor vehicle exports detail for China was added to the CNTRADE database. These data, reported in number of vehicles, are available for 21 of China’s motor vehicle export markets. Monthly data are sourced from the China Passenger Car Association and start in April 2024.

Chart: China is currently the world’s largest exporter of motor vehicles. Exports have increased by multiple factors, from under 1 million in 2020 to around 8 million in 2025, essentially increasing 7-8 times over 5 years. In 2025, the top countries importing cars from China were Mexico, Russia, and the UAE, with Mexico importing over 539,000 units. US tariffs and other restrictions have forced Chinese automakers to pivot, driving a massive surge in vehicle exports to alternative markets in Europe, Latin America, SE Asia and the Middle East.

G10→ US or EA → Business Cycle Indicators and Surveys → Nowcast Recession Risk

Nowcasting recession risks for the US and the euro area were added to G10. The model combines a macroeconomic and a financial conditions indicator for each area. For the US, it uses the ISM Manufacturing PMI and the CISS. For the euro area, it uses the Economic Sentiment Indicator and the CISS. This approach delivers accurate, real-time nowcasts of recession risk. The monthly data sourced from Ferno & Giannoni are available on the first business day after the reference month closes and start in January 1980.

Chart: How accurate is this recession risk nowcast? The yellow columns are the official recessions declared by NBER that can take several months and up to a year to announce. The dark line is the recession risk nowcast probabilities. It spikes up almost 100% at the beginning of the official recessions – and just as important, it is accurate in timing the end of a recession – unlike the Sahm recession indicator, which tends to stay elevated after a recessionary period is over.

EMERGEAP → Fiji → Housing and Construction → Estimated Value of Work Put in Place

Value of construction put in place statistics for Fiji were added to EMERGEAP. Series reported in Fijian dollars are available for new buildings and capital repairs, current repairs and maintenance, and civil engineering works. Detail for private vs public is available for each. Quarterly data are sourced from the Fiji Bureau of Statistics and start in Q1 2005.

Chart: Total estimated value of work put in-place stood at $589.1 million for 2025, an increase of 0.8% ($4.5 million) when compared to 2024. Despite this increase, construction activity remains below its 2019 peak due to surging material costs (up 33% since 2019), a shortage of skilled labor (migration to AUS/NZ), a slow-building pipeline of new projects (canceled or delayed due to logistical/environmental shocks), and high government debt (projected to reach 80% of GDP this year) has limited Fiji’s ability to fund new public infrastructure projects.

EMERGEMA → Angola → Production → Oil and Gas Production

Oil and gas production statistics for Angola were added to EMERGEMA and ENERGY. Monthly production totals and daily flow rates are available with detail by the 17 oil fields in Angola for the flow rates. Data are sourced from ANPG and start in January 2020.

Chart: Crude oil is the cornerstone of Angola's economy, representing >90% of export revenues, ~75% of government income, and ~50% of its GDP. Production has been declining due to natural depletion of aging fields and lack of investment in new exploration, falling from roughly 2 mil bbl/day in 2010 to around 1 mil currently. This decline has caused severe economic strains, including high inflation, massive currency depreciation, and reduced economic growth, highlighting the urgent need for economic diversification, contrary to Angola’s current strategy to intensify efforts to discover new oil reserves.

EMERGEPR → Singapore → Employment and Earnings → Graduate Employment Survey

The Graduate Employment Survey for Singapore was added to EMERGEPR. This survey is conducted annually by the six Autonomous Universities in Singapore to collect information regarding the employment status of graduates 6 months after taking final exams. Employment rates by type of employment and by type of graduates are available in addition to median gross salary series. Data are sourced from the Ministry of Education and start in 2014.

Chart: Latest results show that 83.4% of graduates found employment within 6 months, down from 87.1% in 2024 – the fourth consecutive annual decline. 74.4% of graduates secured FT positions in 2025, down from 79.4% in 2024 – the third consecutive annual decline. Among those who found FT jobs, the median gross monthly salary remained at S$4,500, the first non-increase since 2016. These results may be due to a combination of cyclical economic caution and structural changes in the labor market, such as how entry-level jobs may be increasingly automated by AI.

EMERGEFM → Libya → Public Finance & Debt → Monthly General Government Revenue & Expenditure

Government revenue and expenditure data for Libya were added to the EMERGEFM database. Revenue detail includes items such as oil and taxes, while expenditures include items such as salaries and subsidies. These monthly YTD figures supplement the annual data and allow for more timely snapshots of Libyan public finance. Data are sourced from the Central Bank of Libya and start in December 2021.

Chart: Libya has the largest proven oil reserves in Africa and is one of the most oil-dependent economies accounting for roughly 60-70% of GDP and over 90% of exports. Government revenues from oil have averaged around 90% of total revenues over the last 5 years. With the latest February 2026 figure, oil revenues accounted for 96.3% of the total, down from 98.3% a year ago. Libya has been trying to diversify public revenues and reduce their reliance on hydrocarbons, however, political instability and other challenges continue to hinder any significant progress.

EMERGECW→ Romania → Prices → BNR Inflation Target and Forecast → Financial Market Projections

Quarterly forecasts for Romania were added to the EMERGECW database. These series have a forecast horizon of 2 years and include series for overall inflation, core inflation, fuel, energy, food and administered prices. Also included are inflation target forecasts and forecast uncertainty for CPI, both with upper and lower bounds. These data are sourced from the National Bank of Romania and start in Q4 2023.

Chart: Since the November 2025 report, overall inflation forecasts for 2026 in Romania worsened from a quarterly average of 6.5% to 6.8% in the February 2026 report. Energy inflation increased almost a full percentage point for 2026 from a quarterly average of 9.9% to 10.8%. Note that the February report was released a full 10 days prior to the February 28 attacks on Iran, so it will be interesting to see how these forecasts change when the National Bank of Romania updates them in May.