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OECD composite leading indicators (CLIs) for August 2010 reinforce signals of slowing economic expansion already seen last month.
Real GDP in the OECD area increased by 0.9% in the second quarter of 2010 from the previous quarter, a stronger pace than previously estimated (0.7%).
Consumer prices in the OECD area rose by 1.6% in the year to August 2010, the same inflation rate as in July. Growth in energy prices slowed down to 4.8% in August compared with 6.2% in July, while consumer prices for food rose by 1.4% compared with 1.1% in July.
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Presentation by Martine Durand, OECD Chief Statistician, at the NatStats 2010 conference, Sydney on 15-17 September 2010: Australia during the recent crisis; Australia over the medium-term; What about Australian people? And Challenges for the future.
In July 2010, the unemployment rate for the OECD area was steady at 8.5%, unchanged from the previous month and down slightly from the 8.6% level recorded in May.
OECD composite leading indicators (CLIs) for July 2010 point to clearer signs of a moderation in the pace of expansion compared to last month’s assessment. The CLI for the OECD area decreased by 0.1 point in July 2010.
Consumer prices in the OECD area rose by 1.6% in the year to July 2010, up from 1.5 % in June. This small increase mainly reflected developments in energy and food prices, which increased by 6.2% and 1.1% respectively in the year to July, compared with rises of 4.7% and 0.6% in June.
Website of the Inter-Agency Group on Economic and Financial Statistics - The PGI website presents data for the Group of 20 (G-20) to facilitate the monitoring of economic and financial developments for these systemically important economies. Launched in response to the on-going financial and economic crisis, it is hosted by the IMF, and is a joint undertaking of the Inter-Agency Group on Economic and Financial Statistics: Bank for
Gross domestic product (GDP) in the OECD area rose by 0.7% in the second quarter of 2010, the same rate as in the previous quarter.
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OECD System of Unit Labour Cost and Related Indicators: Report from the Annual Update to Seasonal Adjustment Models – August 2010