Friday, June 1, 2012

OECD Leading Indicators: Regained Momentum, But Euro Area Flat

The overall OECD composite leading indicator increased for the 4th consecutive month, reaching 100.5 in March 2012. The USA led the way with a 5th consecutive monthly increase to 101.3, followed by Japan at 101.1, also the 5th consecutive monthly increase. The Euro Area was steady at 99.6 for the 4th consecutive month, while the UK increased for the 3rd consecutive month to 99.6.

Russia leads the BRIC countries in March 2012, but decreased to 101.2. China increased for the 6th consecutive month to reach 100.4. India increased +0.2 to 98.9 and a 6th consecutive monthly increase. Brazil increased +0.3 to 98.7, the 3rd consecutive monthly increase.

About The OECD The 34 OECD member countries are: Australia, Austria, Belgium, Canada, Chili, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States, plus the Euro Area and European Union. Accession countries are now are just the Russian Federation. Enhanced Engagement Economies are Brazil, China, India, Indonesia, and South Africa.

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