Global production of electronics and computers continued to strengthen in Q3. We have pushed up our estimate for 2016 global growth to 2.4%, up from 2% in our previous forecast. Momentum is also strong going into 2017, and we have pushed up our global growth forecasts to 3.7%, underpinned by growth in the US and Japan more than offsetting a weaker outlook in China. The medium-term outlook, however, now looks more muted.