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