More NewsSWIFT Index Indicates Potential Recovery in OECD Economies

SWIFT Index Indicates Potential Recovery in OECD Economies

SWIFT, the financial messaging provider, has released the latest SWIFT Index data. The index, which was launched in Q311, acts as a fact-based, leading indicator of the evolution of the aggregate gross domestic product (GDP) of Organisation for Economic Co-operation and Development (OECD) countries.

Based on customer messaging data up to February 2012, and using its validated methodology, the SWIFT Index points to a recovery of the OECD economies:

  • Two percent growth in Q112 compared to Q111 (a nowcast).
  • Growth of 2.3% for Q212 compared to Q211 (a forecast).

This would indicate that after the slowdown of Q411, there is moderate expansion taking place in the OECD countries.

Comments are closed.

Subscribe to get your daily business insights

Whitepapers & Resources

2021 Transaction Banking Services Survey
Banking

2021 Transaction Banking Services Survey

2y
CGI Transaction Banking Survey 2020

CGI Transaction Banking Survey 2020

4y
TIS Sanction Screening Survey Report
Payments

TIS Sanction Screening Survey Report

5y
Enhancing your strategic position: Digitalization in Treasury
Payments

Enhancing your strategic position: Digitalization in Treasury

5y
Netting: An Immersive Guide to Global Reconciliation

Netting: An Immersive Guide to Global Reconciliation

5y