Total factor productivity

Structural & Slow-Moving: Set the amplitude, transmission speed, and which historical analogues apply. The model averages the standardised signals in each block into a block score, then combines the twelve block scores in a probit. Today the 12-block model reads 1.6%.

Other signals in this block

• Working-age population growth
• Net immigration flows
• Age dependency ratio
• Prime-age participation trend
• Trend labor productivity
• AI and datacenter capex cycle
• Electricity demand growth
• Reshoring and energy transition capex
• Housing supply deficit
• Corporate concentration
• Long-term debt cycle position
• Insurance availability and repricing