Composite leading indicators (CLIs) continue to signal diverging growth patterns across major economies. The CLIs point to moderate improvements in growth in most major OECD countries but stabilising or slowing momentum in large emerging economies.
The Entrepreneurship Indicators Programme (EIP) is a coordinated effort to agree on a policy-relevant, analytical model, build a measurement infrastructure and gather comparable data.
Consumer prices in the OECD area rose by 1.8% in the year to June 2013 compared with 1.5% in the year to May 2013.
The OECD area employment rate – defined as the share of people of working-age who are employed – was 65.1% in the first quarter of 2013, unchanged from the previous quarter, and 0.2 percentage point higher than one year ago. This was still 1.4 percentage points below the level recorded in the second quarter of 2008, the quarter preceding the start of the global financial crisis.
Business start-up rates remain below pre-crisis levels – particularly in the Euro area – indicating that entrepreneurs may continue to be suffering from restrictive lending conditions, according to new OECD data released in the latest issue of Entrepreneurship at a Glance.
The OECD unemployment rate was stable at 8.0% in April 2013, unchanged from the previous month.
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to diverging patterns across major economies. The CLIs point to moderate improvements in growth in most major OECD economies but in large emerging economies the CLIs point towards stabilising or slowing momentum.
Real GDP in the OECD area rose by 0.4% in the first quarter of 2013, compared with flat growth registered in the previous quarter. Private consumption was the main contributor to overall GDP growth with 0.3 percentage point, while net exports and stockbuilding contributed 0.1 percentage point each.
Consumer prices in the OECD area rose by 1.5% in the year to May 2013 compared with 1.3% in the year to April 2013.
Unit labour costs (ULCs) in OECD countries decreased by 0.1% in the first quarter of 2013, compared with a rise of 1.1% in the fourth quarter of 2012. This was driven by lower growth of labour compensation per unit of labour input (0.3% compared with 0.9% in the previous quarter), and increased labour productivity growth (0.4% compared with minus 0.2%).