14/05/2013 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue to show improvement relative to late 2012 in most major economies.
In the United States, the CLI continues to point to economic growth firming.
In Japan, it indicates that growth should remain above trend.
In the Euro Area as a whole, the CLIs continue to indicate a gain in momentum. In Germany, the CLI shows that growth is returning to trend. In France, the CLI points to growth close to trend rate. As in April, the CLI points to a positive change in momentum in Italy.
The CLIs for the United Kingdom, Canada, Brazil and Russia point to growth close to trend rates. In China, the CLI indicates that growth is returning to trend while for India, it continues to indicate growth below trend.
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