The OECD’s leading indicator was unchanged at 100.50 in June. There were worries for Germany and Japan which saw their numbers drop. Germany fell to 100.2 from 100.4 and Japan was down to 100.1 from 100.4, just holding above the the 100 long term average. The indicator is used to signal turning points in economic cycles.
There was some positive news for both France and Italy, the latter of which just posted fairly rubbish GDP numbers for Q2 2014. Italy’s index was up to 101.7 from 101.6, while France rose to 100.4 from 100.3. The US, eurozone and China were unchanged and the UK dropped back a tick, but remain well above trend.
OECD leading indicator 11 08 2014
Full report can be found here
