OECD Composite Leading Indicators Continue to Signal a Recovery
By Paul Kellett, AIA Director - Machine Vision
According to the OECD (Organization for Economic Cooperation and Development) in a December 2009 news release, the monthly composite indicators that it calculates continue to point to recovery. While the indicators have improved for the entire OECD area (some 30 countries), the improvement has been greatest for Canada, France, Italy, Germany and the United Kingdom (according to the last calculation).
About the Organization for Economic Cooperation and Development
The OECD is a cross-national organization established to support economic growth and development. It was established in 1961 and is based in France with two official languages, French and English. The OECD is headed by a secretary general and currently has an annual budget of 320 million Euros and a staff of 2,500.