13/06/2018 - 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 CLI for the United States continues to anticipate stable growth momentum, which is now also the assessment for Japan. In Canada, the CLI points to signs of easing growth momentum.
Among large European economies, the CLIs for Germany, France, Italy and the euro area as a whole now point to easing growth momentum, which remains the assessment for the United Kingdom.
Among major emerging economies, the CLI for the industrial sector in China is tentatively pointing towards growth gaining momentum, while in Russia and Brazil the CLIs point to stabilising growth momentum. In India, the CLI continues to signal growth gaining momentum.
Stable growth momentum in the OECD area
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