Composite leading indicators point to strengthening 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 strengthening growth momentum in the euro area.

Stable growth momentum in the OECD area

In Italy and France, the signs of a positive change in momentum, which were assessed as tentative in March, have now been confirmed while the CLI for Germany continues to point to positive change in momentum.

The outlook is for stable growth momentum in the OECD area as a whole as well as for the United States, the United Kingdom and Japan. On the other hand, CLIs signal growth easing in China and Canada, albeit from relatively high levels.

In Brazil and Russia, CLIs point to a loss in growth momentum while in India the CLI continues to indicate firming growth.

Source: Organization for Economic Co-operation and Development