Tuesday, September 14, 2010

OECD Composite Leading Indicators: July 2010

The Organization for Economic Co-Operation and Development (OECD) publishes a wealth of data tracking the fundamental economic dynamics of the world’s largest economies.

The OECD leading indicator, industrial production, business confidence and consumer confidence series all disclose important and timely clues to the state of each respective economy or group of economies (bookmark the live dashboard).

The latest monthly results indicate that the global economy is clearly slowing with the total leading index showing the second monthly decline since the current expansion began, dropping 0.04% since June but remaining 2.82% above the level seen in July 2009.

Total Business confidence registered the second consecutive monthly decline dropping 0.07% since June though remaining 5.64% above the level seen in July 2009.

Total Consumer confidence for August increased slightly with the total index rising 0.04% since July and remaining 1.60% above the level seen in August 2009.