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Economy in Brief

OECD CLIs Point to Further Slowing Except Japan
by Robert Brusca June 9, 2008

The OECD composite leading indicators (CLIs) show fang growth trends for the OEC and highly accelerated slowing in the US. The main regions show an accelerated slowing is in progress, even EMU with a six month growth rate of -23.1% compared to -1.3% for the previous three months. Japan alone shows a rebound in place and forceful one with a current six month growth rate of 4.7% up sharply from -7.2% over the previous six months.

OECD Trend-restored leading Indicators
Growth progression-SAAR
  3-Mos 6-Mos 12-Mos Yr-Ago
OECD -1.6% -1.8% -1.6% 1.5%
OECD7 -2.7% -3.1% -2.6% 0.5%
OECD Europe -4.8% -3.3% -2.3% 1.2%
OECD Japan 5.0% 4.7% -1.5% 0.0%
OECD US -4.3% -5.2% -2.9% 0.8%
Six month readings at 6-Mo Intervals:
  Recent six 6-Mo Ago 12-Mo Ago 18-Mo Ago
OECD -1.8% -1.5% 2.2% 0.8%
OECD7 -3.1% -2.0% 1.2% -0.2%
OECD Europe -3.3% -1.3% 0.9% 1.5%
OECD Japan 4.7% -7.2% 0.0% -0.1%
OECD US -5.2% -0.5% 1.9% -0.4%
Slowdowns indicated by BOLD RED
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