this OECD sees signs of economic weakening once again in its major member statesWith a particularly clear signal in the euro area and its main members, especially in Germany.
In a statement released this Monday, the Organization for Economic Co-operation and Development (OECD) offers advanced composite indicators for August. expected changes in the business cycleand we reiterate a trend that has been observed in the several months since the start of the war, especially in Ukraine.
Indicators are falling for almost all countries last month and this The decline was particularly strong in some euro area countries and particularly in Germany. (44 percent up to 98.47 points).
The extent of losses (which should be interpreted as an indicator of a change in trend rather than a measure of growth in activity) is also significant for Italy (27 percent 98.15 points), Spain (18 percent 98.63 points). ) or France (14 97.96 percent).
Drops are recorded outside the euro area, but Less pronounced in Canada than in previous months (27 percent 98.53 points), the United States (13 percent 98.81 points).
Unlike all these countries, The indicator stays above the 100 level, which marks both Mexico’s and the long-term average. (Despite falling 8 percent to 101.11 points in August) Colombia (One percent less at 100.89 points in August).
In Japan, where statistics continue to maintain that the economic growth rate will remain stable (unchanged in August, at 100.49 points), it remains above the 100 level.
As for large non-OECD emerging economies, China’s indicator now points to a twist in its growth rate (down 15 percent to 98.05 points).
Brazil continues to decline in its growth rate, explaining the steady growth for India.