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.
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.