Data Diary

OECD leading indicators for January

Posted on 08 March 2010

Conflicting signals from the OECD’s leading indicators for January. While the aggregate indicator for the OECD plus six continues to lose momentum, the Asian majors are seeking a sustainable growth level post the surge of 2009..

The odds of the developed world of at least flattening it’s growth trajectory over the next 6 months are good. Whether Asia can maintain the rage in the face of slackening demand growth from the developed countries is open to debate. China may be enacting measures to slow their economy but strength from the likes of India could well take up the slack.

For Australia, the OECD’s leading indicator is still heading up, with a reasonable probability that it will mark out a top sometime in calender year 2010.