Global: Business Cycle Monitor |
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Global PMI rose further in June, but the increase was smaller than in previous months. OECD’s leading indicators , however, continue to rise strongly and reached levels signalling above-trend growth in Q4 09. The order-inventories balance from PMI data also continues to point to a marked increase in global growth in H2 09. In the US most leading indicators continued higher. The ISM new orders index slipped slightly in June, though, after rising strongly for several months. In Euroland OECD’s
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