COMPOSITE leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend six to nine months ahead, continue to anticipate stable growth momentum in the OECD area as a whole.
Among major OECD economies, the assessment remains unchanged from last month, with stable growth momentum expected in the United States and Japan and easing growth momentum expected in the United Kingdom, the euro area as a whole, including Germany, France and Italy, and now also in Canada.
Among major emerging economies, the CLI for the industrial sector in China now points to growth gaining momentum, which remains the assessment for India. Stable growth momentum is now expected in Russia while tentative signs of easing growth momentum are emerging in Brazil. |
