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Leading Indicators Continue to Decline in Major Economies - OECD

Posted on October 10, 2008

Composite leading indicators (CLIs) for August 2008 indicated a continued weakening outlook for all seven major economies, a trend that seems certain to accelerate given the financial market meltdown since that time.The CLI for the OECD area decreased by 0.7 point in August 2008 and was 4.9 points lower than in August 2007. For the United States it fell by 0.5 point in August and was 5.3 points lower than a year ago. The Euro area s CLI decreased by 1.0 point in August and stood 6.4 points lower than a year ago....

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