The OECD's leading indicators suggest the world's developed economies are set for a slowdown.
The composite leading indicators for OECD member countries, which are used to predict turning points in economic activity six to nine months ahead, fell to 99.06 for June, down 0.04 points from the previous month.
A reading below one hundred indicates economic conditions are likely to worsen, and the OECD member countries' overall CLI has continued to decline since January 2018.
The composite leading indicators for the U.S. fell for the 14th consecutive month, recording 98.eight for June.
The U.S. has been enjoying the longest economic expansion in decades, but there are growing concerns that the escalating U.S.-China trade war will dampen its growth.
Japan and Germany also saw their leading indicators drop on-month.
Germany in particular saw its June industrial production fall by more than five percent on-year, making it the biggest annual decline in almost a decade.
The European Central Bank also noted Thursday local time that prolonged global trade tensions and the risk of a no-deal Brexit weigh on the Eurozone's growth and its composite leading indicators fell to 99 for June.
South Korea, which is heavily reliant on exports and global trade, saw its leading indicators for June fall for the 25th consecutive month, recording 98.eight.
The last time the leading indicators for Korea fell for so long was 20 months from September 1999 to April 2001.
China's leading indicators went up slightly by zero.one points on-month to 98.nine for June.
Kim Hyesung, Arirang News.