Composite leading indicators (CLI) continue to signal improvements in growth in most major OECD countries with divergent patterns among large emerging economies.
This slowdown in the annual rate of inflation mainly reflects a sharp deceleration in energy price inflation, to 1.7% in the year to August.
Unit labour costs (ULCs) in OECD countries fell 0.2% in the second quarter of 2013 as labour productivity growth (0.4%) outpaced a rise in labour compensation (0.2%).
Quarterly Gross Domestic Product (GDP) in the G20 area grew by 0.9% in the second quarter of 2013 compared with 0.6% in the previous quarter, according to preliminary estimates. GDP growth accelerated in most of the world’s largest economies but slowed marginally in Canada and Japan and significantly in Mexico.