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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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From: Haim R. Branisteanu2/9/2007 7:16:22 AM
   of 116555
 
09 Feb 2007 11:18 GMT DJ DATA SNAP: OECD Dec Leading Indicator At 109.9 From 109.6

The OECD, which recently launched leading indicators for the world's largest emerging economies, said the data point to a "weakening outlook for Russia" and "strong growth in China, India and Brazil."

The six-month rate of change for Russia's CLI "shows a downward trend since May 2006," the OECD said.

The OECD's CLIs are designed to provide early signals of turning points between the expansion and slowdown of industrial activity, which itself is a good leading indicator for economic activity as a whole. It usually takes at least three successive monthly increases in the rate of change before a turning point is indicated.


The following table give the OECD's composite leading indicator for December and November and gives a trend for the indicator's six-month rate of change. 

 
             Dec    Nov      6-mo Rate Of Change 
OECD         109.9  109.6    relatively stable since Aug 2006 
U.S.         107.3  106.9    Up for 3 months 
Euro zone    109.3  109.3    Down for 7 months 
Japan        100.9  100.7    Up for 5 months 
Germany      115.3  115.0    Down for 1 month 
France       107.2  107.7    Down for 2 months 
U.K.         101.3  101.7    Down for 2 months 
Italy         95.9   96.0    Down for 6 months 
Canada       103.4  103.0    Up for 4 months 
China        243.1  237.2    Up for 3 months 
Brazil       136.0  134.1    Up for 2 months 
Russia       134.8  133.3    Downward trend since May 2006 
 
-By Nina Koeppen, Dow Jones Newswires; +44 20 7842 9314; nina.koeppen@dowjones.com 

 
(END) Dow Jones Newswires

February 09, 2007 06:18 ET (11:18 GMT)
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