Organization for Economic Co-operation and Development (OECD) keeps Spain fresh, ensuring economy shows signs of recovery

According to the Organization for Economic Co-operation and Development, signs of Spain’s economic recovery persist. Organization for Economic Co-operation and Development He continues to warn that the Spanish economic recovery is continuing its course, in light of the leading composite indicators which, for their part, indicate a potential growth spike in some large countries, such as The United States, Japan, Germany or the United Kingdom.

Spain’s index increased 0.21 point in October, which is one of the largest monthly increases in member states, according to data released Wednesday by the Organization for Economic Co-operation and Development. What is more important, Spain has seen sharp increases over the months, While the pace has slowed down somewhat lately, it should be borne in mind that what the indicators are pointing to are reversals ahead of the business cycle. These increases left it at 100.80 points, ie above the 100 level which represents the long-term average.

For the OECD as a whole, the index has declined for two consecutive months, albeit very slightly (0.02 point in October, after 0.01 in September), prompting analysts across the organization to see signs that the acceleration of the recovery may be coming to an end.

This is the trend in the United States, Japan, France, Germany or the United Kingdom, where There are two consecutive months of going back, which represents a reversal of the movement that existed until then. Something similar is also happening in Mexico, where the index has fallen over the past three months, although it is still at a high level of 102.15 points, clearly above the long-term average.

There is no visible development in Chile as its statistics have stagnated for three months and previously experienced a slight decline for six months. Colombia has been making steady progress for over a year, but progress has slowed down a lot The increase was only 0.09 points in August, 0.06 in September and 0.04 in October to 101.76 points.

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