The Counterpoint Macro Index aims to capture the environment and sentiment for the global technology industry. We look at issues and measures in macroeconomics, domestic and international politics, supply chains, industry performance and outlook, and regulatory events and outlook.

The June Counterpoint Macro Index fell to 82.86, continuing the slide since the beginning of the year and recording a new low since June 2020. The single largest contributing index was international politics. The war in Ukraine remains the single largest factor weighing on the global technology environment as it pushes up commodity, fuel and transport prices. We believe that the war is unlikely to escalate but that a stalemate in eastern Ukraine will continue through 2022, which means the index should not drop further but that improvement is unlikely in the coming months.

Published Date: July 2022