Friday, December 17, 2010

OECD Composite Leading Indicators: October 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 has taken a slight turn for the better with the total leading index increasing 0.03% since September and remaining 1.29% above the level seen in October 2009.

Total Business confidence improved notably climbing 0.23% since October (more timely data) and remaining 3.58% above the level seen in November 2009.

Total Consumer confidence for November (more timely data) also jumped notably with the total index increasing 0.22% since October and 0.83% above the level seen in November 2009.