SWIFT Index Continues to Indicate a Potential Recovery in the OECD Economies
SWIFT, the financial messaging provider, has released the latest SWIFT Index data. The Index, which was announced 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 March 2012 and using its validated methodology, the SWIFT Index points to a recovery of the OECD economies:
Following the slowdown of Q411, the April update reinforces the trend of moderate expansion taking place in the OECD countries (as witnessed in the March release).