Henderson: Global acceleration watch: OECD leading indicators

The assessment here is that the global economy has been gaining momentum since mid-year and growth over the next six to 12 months will be significantly stronger than expected by policy-makers and the consensus. This series of short posts will highlight incoming evidence that supports, or refutes, this view.

12.10.2016 | 10:56 Uhr

The OECD yesterday released August data for its country leading indicators, allowing calculation of the composite G7 plus emerging E7 leading indicator tracked here. Six-month growth of the latter rose further – see first chart. Both G7 and E7 components contributed to the increase – second chart.

The rise in leading indicator growth from a low in December 2015 follows a pick-up in G7 plus E7 six-month real narrow money expansion from a bottom in August 2015. The further increase in real money growth to a seven-year high in August 2016 suggests that the indicator will continue to gain momentum.

Die Wertentwicklung in der Vergangenheit ist kein zuverlässiger Indikator für die künftige Wertentwicklung. Alle Performance-Angaben beinhalten Erträge und Kapitalgewinne bzw. -verluste, aber keine wiederkehrenden Gebühren oder sonstigen Ausgaben des Fond.

Die Informationen in diesem Artikel stellen keine Anlageberatung dar.

Diesen Beitrag teilen: