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Foods Prices In Canada

November 15, 2011 by staff 

Foods Prices In Canada, Canada, along with the United States, China and others is heading towards an economic slowdown in the coming months, according to a report from the Organization for Economic Co-operation and Development.

The OECD issued its composite leading indicator (CLI) report Monday, showing that the rate had fallen for the seventh consecutive month in September, hitting 100.4.

In August the CLI was 100.9.

Canada’s CLI fell 0.4 points to 99.4, down from 99.8 in August and 101.2 in May. Canada’s leading indicator has been falling for several months, largely due to the slow global economic recovery and sluggish growth in the U.S.

The Paris-based organization said numbers were down across the board for member countries, and the results for many fell below their long-term averages.

Overall the news was grim, the OECD said.

“Compared to last month’s assessment, the CLIs point more strongly to slowdowns in all major economies,” the OECD said in a statement.

The CLI is designed to “anticipate turning points in economic activity relative to trend.”

“Turning points of CLIs tend to precede turning points in economic activity relative to long-term trend by approximately six months,” stated the report.

However, it is considered a broad measure and doesn’tanlyze the speed of a recovery or slowdown.

The report suggested that the CLI numbers for Japan, Russia and the U.S. all point to a likely future slowdown in the long-term growth average.

Canada, France, Germany, Italy, the U.K., Brazil, China, India and the European Union all show economic activity has already slipped below their long term averages.

Following are some key CLIs for September, with the number for August in brackets. The long-term average for each country or group is 100.

Following are some key CLIs for September, with the number for August in brackets. The long-term average for each country or group is 100.

Japan: 101.6 (102)
U.S.: 101.2 (101.5)
Canada: 99.4 (99.8)
Germany: 99.1 (100.4)
U.K.: 99 (99.8)
France: 98.6 (99.3)
Italy: 97.5 (98.5)

OECD area: 100.4 (100.9)
Euro area: 99.1 (99.9)
Major five Asian nations: 99 (99.3)
Major seven: 100.6 (101.1)

Russia: 102.4 (102.6)
China: 99.8 (99.9)
Brazil: 94 (95.1)
India: 93.8 (94.4)

Report to Team

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