Economy

Composite Leading Indicators (CLI), OECD, October 2016

 

Composite leading indicators continue to point to stable growth momentum in the OECD area


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10/10/2016 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue to point to stable growth momentum in the OECD area as a whole. 

Stable growth momentum is anticipated in the United States, Japan and Canada as well as the euro area as a whole, particularly in Germany and France. In Italy, the CLI points to weak growth momentum.

 Though uncertainty persists about the nature of the agreement the UK will eventually conclude with the EU, the short-term outlook for the United Kingdom remains unchanged from last month’s assessment, with the CLI continuing to point to growth stabilising around a lower rate.

 Amongst major emerging economies, stable growth momentum is expected in China while in Russia and Brazil the CLIs continue to point to growth picking up. In India the CLI anticipates firming growth.

Stable growth momentum in the OECD area

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