Composite Leading Indicators (CLI), OECD, July 2017


Composite leading indicators continue to point to stable pace of expansion in the OECD area


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10/07/2017 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend six to nine months ahead, continue to point to a stable pace of expansion in the OECD area

Stable growth momentum remains the assessment for Japan, Canada and for the euro area as a whole. However, in the United States, the United Kingdom and Italy tentative signs are emerging that growth may be easing. 

The CLI for Germany continues to point to growth gaining momentum, which is now also the assessment for France.

Amongst major emerging economies, the CLI for Brazil continues to signal growth gaining momentum with similar signs now emerging in China. In India, the CLI points to stable growth momentum, while tentative signs of easing growth are emerging in Russia.

Stable growth momentum in the OECD area


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