NOTE: Exchange rate movement (m-o-m, in %) denotes the percentage month-on-month change in the exchange rate of the national currencies with respect to dollar in the last month. Negative values indicate depreciation.
Stock market capitalization (m-o-m, in %) denotes the percentage month-on-month change in the aggregate market value of all stocks traded in the economy in the past month, as reported by Bloomberg.
Export growth has been computed in terms of y-o-y % change in dollar values of exports for each economy.
The purchasing managers' index (PMI) manufacturing data compiled by IHS Markit is a weighted average of five indices: new orders (30%), output (25%), employment (20%), suppliers' delivery times (15%) and stocks of purchases (10%). A PMI reading above 50 indicates expansion in manufacturing activity, whereas a reading below 50 indicates contraction.
The composite index score is a normalized score based on an equally weighted average of normalized scores for each of the indicators. In calculating the normalized scores, the best-performing economy's value on any one parameter (say PMI) is taken as 100 and relative scores are derived based on the distance of each economy from that score for that month.
The closest comparable periods have been considered for each economy. For all economies the real GDP growth is as of the September ended quarter. For most economies, for most of the other indicators, the values are as of December. Where such data is not available the November data has been considered.