Real GDP growth in the OECD area increased by 0.3% in the third quarter of 2012, compared with 0.2% in the second quarter.
Composite leading indicators (CLIs), designed to anticipate turning-points in economic activity relative to trend, show signs of stabilising economic outlook in most major economies.
Annual inflation in the OECD area rose by 1.9% in the year to November 2012, compared with 2.2% in the year to October 2012. This easing in the annual rate of inflation mainly reflected slower growth in energy prices, which increased by 2.9% in November, down from 5.4% in October.
Quarterly Gross Domestic Product (GDP) in the G20 area grew by 0.6% in the third quarter of 2012 compared with 0.5% in the second quarter, according to preliminary estimates. The aggregate G20 GDP growth rate however continues to mask diverging patterns across economies.