This is the OECD’s view of the world in terms of their leading indicators. For the methodology of their leading indicators, go here.
The latest OECD leading indicators for October 2011 are still pointing south which has been reflected in other data they produce (especially manufacturing and exports). There is not one country of the 33 OECD nations whose economy is not indicating a slowdown:
Here are the charts showing major economies:
The Conference Board’s Leading Economic Index for September printed in positive numbers for the fifth consecutive month increase, in September, but the report says:
The weaknesses among the leading indicator components have become slightly more widespread in September. Moreover, the CEI suggests current economic conditions have been slow, with weak gains in all four components over the [...]
It is not very often that a new leading indicator hits the market to compete with the Conference Board or the Economic Cycle Research Institute (ECRI), but the Consumer Metrics Institute does just that and does it well.
DoctoRx and I have been watching his data for a while and were impressed by what we [...]
In another data report unexpected by economists, jobless claims jumped last week:
In a setback for the May payroll outlook, initial jobless claims jumped 25,000 in the May 15 week to 471,000. The disappointment includes a 2,000 upward revision to the prior week. There are no special factors to explain the latest week’s jump. The [...]
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