Composite leading indicators point to stable growth momentum in the OECD area
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to stable growth momentum in the OECD area as a whole as well as in Japan, Germany and the United Kingdom. The outlook is also for stable growth momentum in India.
Stable growth momentum in the OECD area
In the euro area, growth momentum continues to strengthen, particularly in France and Italy.
Signs of easing growth momentum are emerging in the United States, although these may reflect transitory factors.
The CLIs continue to point toeasing growth in Canada and China and toa loss in growth momentum in Brazil and Russia.
Source: Organization for Economic Co-operation and Development
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