Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

OECD Economic Index Falls, Pointing to Slowdown Across World

Don't Miss Out —
Follow us on:

Nov. 14 (Bloomberg) -- The Organization for Economic Cooperation and Development’s leading indicator fell in September as Europe’s debt crisis weighed on growth.

The measure dropped 0.4 points from August to 100.4, the Paris-based group said in an e-mailed statement today. In the euro area, the indicator fell to 99.1 from 99.9.

The data “point more strongly to slowdowns in all major economies,” the organization said. The indicators suggest growth is falling “below trend” in Germany, Italy, the U.K., France, China and Brazil.

The OECD’s leading economic indicator aims to signal when the direction of the economy is changing, with any level below 100 signifying a contraction.

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.