What is the DBIX?
November 19, 2012
Deutsche Bank Research has created exclusively for MADE IN GERMANY an index that gauges the mood of the global economy.
The DBIX, or Deutsche Bank International Business Index, measures the situation and short-term expectations of the four major economies: the US, China, Japan and Germany (G4). The economic climate in these countries can also be seen as an indicator for their respective regions as a whole: North America, Europe and Asia. China also represents Emerging Markets economies in the index. Taken together, the G4 countries account for more than one third of global GDP. The DBIX is therefore a succinct indicator to describe upswings and downswings of the world economy as a whole.
The chosen sub-indices of the DBIX are well-known, timely and accurate descriptions of the situation and short-term expectations in the G4 economies. For the US, the ISM’s Purchasing Managers Index is used, which surveys more than 300 executives of leading American companies. China’s economy is also described by the Purchasing Managers Index, which in China covers over 700 manufacturing enterprises. For Japan, data comes from the Index of Business Conditions compiled by the Economic and Social Research Institute based in Tokyo. To represent the German economy, the ifo Business Confidence Survey is used, which feels the pulse of 7,000 German companies.
On www.dw.de, Deutsche Welle’s internet portal, Deutsche Bank Research analysts comment on the latest developments of the DBIX and its components, as well as on the resulting outlook for the economies concerned and the world economy as a whole.