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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.
The latest monthly results indicate that economic conditions in the global economy continued to generally strengthen with the total leading index increasing 0.10% since January and climbing 0.63% above the level seen in February 2010 while a more timely indicator of consumer confidence weakened notably throughout March.
Total Business confidence also improved notably climbing 0.20% since February (more timely data) and climbing 2.58% above the level seen in March 2010.
Total Consumer confidence also declined notably with the total index slumping 0.57% since February (more timely data) and 0.32% below the level seen in March 2010.