OECD CLI indicates growth picking up in US, Japan and Euro area

The latest report published by the Organisation for Economic Co-operation and Development (OECD) shows that its Composite leading indicators (CLIs) point to a stable growth momentum in the OECD area.

Key Quotes:

“Composite leading indicators (CLIs) are designed to anticipate turning points in economic activity relative to trend six to nine months ahead, using a range of indicators that have leading properties in relation to future movements in the economic cycle.”

“The current assessment for the United Kingdom points to growth continuing to slow, before stabilizing around a lower rate towards the end of the year.”

“Stable growth momentum is anticipated in the OECD area as a whole, the United States, Japan as well as the euro area, including Germany. In Canada, the CLI indicates growth picking up.”

“On the other hand, growth is expected to ease in France, while the CLI for Italy points to a more severe weakness in growth momentum.”

“Amongst major emerging economies, the CLIs continue to indicate that growth is picking up in China, Russia and Brazil, while the CLI for India continues to point to firming growth.”