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 firming growth momentum in India.Latest CLIs indicates at stable growth momentum for the OECD as a whole but with diverging patterns across most major economies.
Stable growth momentum is anticipated for the United States, Canada and China. The CLIs also point to stable growth momentum, albeit at relative lower levels, in France, Brazil, and in the Euro Area as a whole.
On the other hand, the CLIs indicate a loss of growth momentum in Germany, Italy and Russia. In the United Kingdom the CLI also points to growth easing, though from relatively high levels.
The CLIs for Japan and India indicate positive and firming changes in growth momentum.
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