OECD Composite Leading Indicators: August 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 third monthly decline since the current expansion began, dropping 0.03% since July but remaining 2.21% above the level seen in August 2009.

Total Business confidence registered another decline dropping 0.04% since August (more timely data) though remaining 4.04% above the level seen in September 2009.

Total Consumer confidence for September (more timely data) increased slightly with the total index rising 0.01% since August and remaining 1.18% above the level seen in September 2009.