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Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend continue to point to divergence between economies.
Start-up rates in most countries are edging back toward their pre-crisis levels, but not all countries have seen significant acceleration in new businesses, according to a new OECD report.
Merchandise trade grew moderately in most major economies in the first quarter of 2012. Total imports and exports of G7 and BRICS grew by 1.0% and 0.6% respectively.
Annual inflation in the OECD area slowed to 2.5% in the year to April 2012, compared with 2.7% in the year to March 2012.
Provisional estimates show that quarterly gross domestic product (GDP) in the OECD area grew by 0.4% in the first quarter of 2012, up from 0.2% in the previous quarter.
The OECD area unemployment rate was stable at 8.2% in March 2012, the same level recorded since February 2011. This flatness is largely the result of increasing rates in some euro area countries being offset by declines in North America.