Composite leading indicators continue to point to growth convergence in most major economies: OCED

Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue to point to growth convergence across most major economies and within the OECD.

The CLIs continue to point to firming growth in the Euro area , including France and Italy, and to stable growth momentum in Germany, Japan and India.

On the other hand, the CLIs point to easing growth in the United States, Canada, China as well as the United Kingdom, albeit from relatively high levels.

The CLI for Russia shows tentative signs of a positive change in growth momentum while in Brazil the CLI continues to point to a loss in growth momentum.

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