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Global economy 0.6 percent stronger than last year

The OECD's latest report shows that the global economy is growing, even as consumer confidence and business confidence decline

By Guest blogger / May 9, 2011

This chart shows the OECD composite leading indicator from 2000 through March 2011. The leading indicator of the world's largest economies is coming close to the peak seen in mid-2007.

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Note... be sure to bookmark the OECD Dashboard for a real-time view of all the OECD composite indices.

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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 continued to generally strengthen with the total leading index increasing 0.05% since February and climbing 0.58% above the level seen in March 2010 while a more timely indicator of consumer confidence weakened notably throughout April.

Total Business confidence also declined falling 0.08% since March (more timely data) but still remaining 2.10% above the level seen in April 2010.
Total Consumer confidence also declined notably with the total index slumping 0.37% since March (more timely data) dropping 0.64% below the level seen in April 2010.

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