Economic indicators point to stable growth momentum in the OECD area

In a news release the Organisation for Economic Co-operation and Development (OECD) announced that its composite leading indicators (CLIs) point to signs of stable growth momentum in the OECD area as a whole.

Stable growth momentum is anticipated in Canada and the euro area as a whole, including Germany and France. Signs of growth stabilisation are also emerging in Japan.

On the other hand, CLIs continue to point to easing growth in the United States and the United Kingdom, with the outlook for easing growth now confirmed in Italy.

Amongst the major emerging economies, the outlook has improved since last month’s assessment. Signs of a positive change in growth momentum are now emerging in Brazil and Russia, while in China and India CLIs point to stable growth momentum and firming growth, respectively.

The OECD’s indicators are designed to anticipate turning points in economic activity relative to trend.

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