January numbers indicate recovery for world economy
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 (bookmark the live dashboard).
The latest monthly results indicate that in January the total leading index showed notable improvement increasing 4.68% compared to January 2009 firmly indicating an recovery for the overall world economy.
Total Industrial production continued to climb on a month-to-month basis increasing 0.44% since December 2009 led by spectacular gains for Asian economies but still remained some 0.34% below the level seen in January 2009 held down primarily by the European economies with the larger economies of the United Kingdom, France and Germany all continuing to show significant annual declines.
Total Business confidence continued to trend higher worldwide with the total index increasing 0.25% since December 2009 and 6.87% since January 2009.
Total Consumer confidence also continued to climb with the total index increasing 0.27% since December 2009 and 6.01% since January 2009.
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