Composite leading indicators point to weakening growth in the Euro area and to stable growth in most other major economies | WPN World People News

Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to a mixed outlook across major economies, characterised by weakening growth in the Euro area and stable growth in most other major economies.

Stable growth momentum in the OECD area

The CLIs for the OECD area as a whole, as well as for Canada andthe United States, continue to signal stable growth momentum. Among other major economies, a stable growth momentum is also anticipated in Brazil, China and Russia.

In Japan, the CLI points to a loss in growth momentum, though this may be related to one-off factors. In Europe, signs are emerging of a loss of growth momentum in the Euro area, with stronger signals in the case of Germany and Italy, while in France and in the United Kingdom the outlook continues to point to stable growth.

India is the only major economy where the CLI points to a pick-up in growth momentum.

Source: Organization for Economic Co-operation and Development