Global| Aug 11 2003OECD Leaders Up Again
by:Tom Moeller
|in:Economy in Brief
Summary
The OECD Index of Leading Indicators (Big 7) rose in June for the third consecutive month. The 0.9% gain followed an upwardly revised 0.9% rise in May. Gains amongst the member country leading indexes perhaps began to broaden out. The [...]
The OECD Index of Leading Indicators (Big 7) rose in June for the third consecutive month. The 0.9% gain followed an upwardly revised 0.9% rise in May.
Gains amongst the member country leading indexes perhaps began to broaden out. The leading index for the Euro-zone 12 rose 0.3% following a 0.4% May gain. The leaders in Germany rose 0.5% following a 0.3% uptick in May. In France the leaders managed their third consecutive monthly gain. The leaders in Italy, however, faltered and fell for the second month this year.
The leading index for the Euro-zone 12 was up 0.6% YTD in June. In the U.K. the leaders rose strongly for the third consecutive month.
Leaders for Japan jumped 1.0% in June and a previously reported May decline was revised to +0.6%. Higher share prices led the gains. In Canada the June leading indicators rose 0.5% for the third consecutive gain but the previously reported 2.0% jump in May was revised down to 0.4%.
Improved leading indicators in the United States continued to dominate the upward move in the OECD aggregate. In June the US leaders rose 1.3% for the third consecutive strong monthly gain.
For more from the Organisation for Economic Cooperation and Development (OECD), visit its website.
| OECD Main Economic Indicators | June | May | Y/Y | 2002 | 2001 | 2000 |
|---|---|---|---|---|---|---|
| OECD Major Seven - Leading Index (Trend Restored) | 120.4 | 119.3 | 1.0% | 4.2% | -2.2% | 3.2% |
| European Union | 117.6 | 117.1 | 0.4% | 3.1% | -1.8% | 3.8% |
| Japan | 102.6 | 101.5 | 1.1% | 0.7% | -2.9% | 2.6% |
| United States | 132.6 | 130.9 | 1.7% | 5.8% | -2.6% | 2.8% |
Tom Moeller
AuthorMore in Author Profile »Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
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