OECD leading indicators suggest global growth set to slow

Analysis

The OECD's leading economic indicator fell to 109.6 in August from 109.7 the previous month, the weakest since March, the agency said in a statement released in Paris on Friday. The gauges for the US and dozen-nation euro area were unchanged, while Japan's fell 0.5 points. A separate measure for China, which is not an OECD member, also indicated growth will fade there. The data „suggest that slowing economic expansion lies ahead in the OECD area,” the organization said. The leading indicator survey is aimed at providing early signs of when economies begin to improve or deteriorate, according to the Web site of the 30-nation OECD. The OECD area's unemployment rate held at 6.1% in August, the organization said. That's down from 6.6% last year. (Bloomberg)

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.

Support the BBJ

Statistics