The latest Composite leading indicators (CLIs) from the Organisation for Economic Co-operation and Development (OECD) point to growth losing momentum in Europe, but a stable growth in other major OECD economies. The CLIs are designed to anticipate fluctuations in economic activity over the next six to nine months.
In the United Kingdom and in euro area as a whole, including Germany, France and Italy, the CLIs anticipate growth losing momentum, driven by a contraction in consumer confidence indicators and the surge of inflation.
Among major OECD economies outside Europe, the CLIs remain above trend and continue to signal stable growth in the United States as well as in Japan and Canada.
Among major emerging-market economies, the CLIs for China (industrial sector) and India continue to point to stable growth, whereas in Brazil the CLI continues to anticipate slowing growth.
Source : OECD