The OECD has joined the parade of economic think tanks saying that the global economy is slowing down. The agency’s May 2012 composite leading indicators for China and India have declined slightly, as has the leading indicator for the OECD as a whole.
The leading indicator for the US now stands at 100.9, down slightly from the 101.1 reading in April, while the 30-nation OECD indicator fell from 100.4 to 100.3. A reading of 100 indicates that the economy is ticking along at the long-term average.
Readings for China and India both fell by 0.2, while the leading indicator for Brazil rose by 0.2. As the OECD describes the results for May:
Composite leading indicators … point to an easing of economic activity in most major OECD economies and a more marked slowdown in most major non-OECD economies. … [Indicators] for Japan, the United States and Russia remain above long term trend but continue to point to dissipating momentum, especially in the case of Russia.
The OECD press release is available here.
Paul Ausick
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.