Composite leading indicators point to tentative signs of a positive change in growth momentum in the euro area | WPN World People News

Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to tentative signs of a positive change in growth momentum in the euro area, particularly in Germany and Spain. In Italy, the CLI also points to improvements, with this month’s CLI pointing to stable growth momentum compared to weakening momentum last month. The outlook for France is unchanged from last month’s assessment, with stable growth momentum anticipated.

Stable growth momentum in the OECD area

The CLIs indicate stable growth momentum also in the OECD area as whole and in some of the major economies, including the United States, Canada, Japan, China and Brazil. In the United Kingdom, the CLI points to an easing in growth momentum, though from relatively high levels.
The CLI for India indicates firming growth while in Russia the CLI continues to point to a loss in growth momentum.

Source: Organization for Economic Co-operation and Development