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News Release
Consumer prices in the OECD area rose by 1.7% in the year to September 2010, up from 1.6% in August. This small pick-up in inflation mainly reflects higher food and energy prices.
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The OECD trade deficit in goods and services with the rest of the world continued deteriorating during the second quarter of 2010, according to new balance of payments data.
In August 2010, unemployment in the OECD area fell slightly to 8.5% (from 8.6% in July). The unemployment rate has returned to August 2009 levels and unemployment now appears stable across OECD countries.
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OECD composite leading indicators (CLIs) for August 2010 reinforce signals of slowing economic expansion already seen last month.
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OECD composite leading indicators (CLIs) for August 2010 reinforce signals of slowing economic expansion already seen last month.
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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%).
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