OECD Leading Indicator Falls; Italian Production Index Falls

Arthi Gupta
12 Sep, 2011
New York City

The OECD Index of leading indicators fell, Greek import price index rose and Italy

[R]2:00 PM Frankfurt – The OECD Index of leading indicators fell, Greek import price index rose and Italy’s industrial production dropped in July. Portugal and Denmark''s inflation slowed in August.[/R]

OECD Indicator Falls

The composite leading indicator for the OECD area declined for the fourth straight month in July. The CLI fell 0.5% in July after the 0.4% decline in July. The index reading was down to 101.6 in July from 102.1 in July. The index slipped 0.1% from the year-ago level.

Greece Import Price Index Up

Greek import price index rose 8.7% annually in July, after a 6.7% gain in June, data released by the Hellenic Statistics Authority showed. On a monthly basis, the index increased 1.2% in July, following a 0.7% rise in June.

Portugal Inflation Eases

Portugal''s consumer price index rose 2.9% from a year ago in August, following a 3.2% gain in July, data released by the statistics office INE showed. The overall CPI inflation also eased for the fourth consecutive month.

On a monthly basis, the CPI fell 0.4% in August, following a 0.1% drop in July.

Denmark Inflation Slows

Denmark''s consumer price index rose 2.6% annually in August, after climbing 2.9% in July, Statistics Denmark said on Monday.

Prices were flat in August on a monthly basis.

Italy Output Drops

Italy''s calendar adjusted industrial production index dropped 1.6% from a year ago in July, following a 0.1% gain in June, data released by the statistics office ISTAT showed.

On a monthly basis, industrial output fell a seasonally adjusted 0.7% in July after the 0.8% fall in June.

Czech Current Account Deficit Widens

Czech current account deficit for July was CZK 12.8 billion compared to CZK 8.28 billion deficit in June, data released by the Czech National Bank showed on Monday. The July deficit was due to deficits on the income balance and the balance of current transfers, the central bank said.

Finland Retail Sales Increase

Retail sales in Finland surged 5.7% from a year ago in July, Statistics Finland said on Monday. This was higher than the flash estimate of 3.7%.

Wholesale trade expanded 8.7% annually and auto sales climbed 23.7% in July.