The Organisation for Economic Cooperation and Development (OECD)’s Composite Lending Indicators (CLIs) have fallen by a further 0.5 points for the OECD area in August, highlighting a continued slowdown in economic activity.
Statistics for August have shown that the CLI for the OECD area fell from 101.4 to 100.8 the same reduction value as in June and July. The UK experienced a fall from 100.4 to 99.7 this month.
The report showed a 0.9 point drop in the Euro area, with composite leading indicators falling from 100.7 to 99.8. France, Germany and Italy also experienced falls of 0.9, 1.3 and 1.1 respectively.
Japan experienced a year on year growth rate of 1.9% highlighting a possible peak in economic growth.
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