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
Writer, The PaperEconomy Blog
'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
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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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