OECD Composite Leading Indicators: July 2011

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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 generally weakened with the total leading index declining 0.20% since June falling 0.07% below the level seen in July 2010 while a more timely indicator of business confidence weakened notably.

Total Business confidence plunged 0.72% since July (more timely data) falling 1.31% below the level seen in August 2010.

Total Consumer confidence increased with the total index climbing 0.18% since July (more timely data) and climbing 0.77% above the level seen in August 2010.