OECD Composite Leading Indicators Point to Weakness

by: Sold At The Top
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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 generally weakened with the total leading index declining 0.02% since March but climbing 0.44% above the level seen in April 2010 while a more timely indicator of business confidence weakened notably.

Total Business confidence plunged 0.89% since April (more timely data) but still remaining 0.71% above the level seen in May 2010.

Total Consumer confidence increased with the total index climbing 0.26% since April (more timely data) dropping 0.08% below the level seen in May 2010.