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Composite leading indicators (CLIs) for December 2010, designed to anticipate turning points in economic activity relative to trend, continue to point to expansion in most major OECD countries.
Consumer prices in the OECD area rose by 2.1% in the year to December 2010, up from 1.8% in November. This pick-up in inflation was partly driven by higher energy prices which increased by 8.3% in the year to December, compared with 5.4% in November.
Real GDP in the OECD area grew by 0.6% in the third quarter of 2010, down from the 0.9% of the previous quarter.
In November 2010, the OECD area unemployment rate was 8.6%, unchanged from October.
OECD composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to an increasing pace of economic expansion in November 2010.
Consumer prices in the OECD area rose by 1.8% in the year to November 2010, down from 1.9% in October.