The Organisation for Economic Co-operation and Development (OECD) announced that its composite leading indicators (CLIs), continue to point to stable growth momentum in the OECD area as a whole.
The indicators point to stable growth momentum for the United States, Japan, Canada and the euro area as a whole, including France.
In Germany and Italy, the CLIs continue to anticipate growth gaining momentum. In the United Kingdom, the indicator points to easing growth.
Amongst major emerging economies, the CLIs continue to anticipate signs of growth gaining momentum in the industrial sector in China, with similar indications now flagged in Russia. The outlook continues to point to firming growth in Brazil and stable growth momentum in India.
The OECD’s 35 Member countries span the globe, from North and South America to Europe and Asia-Pacific. They include many of the world’s most advanced countries but also emerging countries.< Return