The growth rate of the Spanish economy is weakening, as noted by the Organization for Economic Cooperation and Development (OECD), in line with the prospects of slowing down for the US and the eurozone, while for the whole of the 'club of rich countries' anticipates "stable growth".

The last reading of the index composed of leading indicators (CLI) for Spain, corresponding to the month of August, stood at 98.58 points, compared to 98.8 the previous month , which represents the twentieth consecutive decline of the leading indicator, which obtains its worst result since June 2013 .

The monthly fall of 0.22 points of the indicator of Spain doubled the deterioration of 0.10 points of the data of the eurozone, which fell to 98.96 points, while the reading of the OECD as a whole stood at 99.06 points , 0.05 points below the previous month's reading.

Compared with the same month of 2018, the indicator of Spain experienced a setback of 1.37 points, in line with the 1.38 decline in the euro zone average, but well above the 1.10 of the OECD

Among the largest euro economies outside Spain, only Germany, showed signs of weak growth momentum, with a CLI reading of 98.58 points, compared to 98.72 the previous month, while in France it was recorded a "stable" growth momentum, with the data at 99.39 points, and in Italy "signs of stabilization" were seen when it fell to 99.04 points from 99.12 the previous month.

For its part, the US economy also offered symptoms of fatigue, with a worsening of the CLI data to 98.78 points from July 98.88, while in Japan signs of stabilization were detected, with a reading of 99.18 points , reports Europa Press.

The index composed of leading indicators is designed to anticipate inflection points in the economic activity relative to the trend during the next six to nine months.

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