09/09/2013 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue to signal diverging growth patterns across major economies. The CLIs point to improvements in growth in most major OECD countries but stabilising or slowing momentum in large emerging economies.
The CLIs point to economic growth firming in the United States and the United Kingdom and to growth above trend in Japan. The CLI for Canada indicates a tentative positive change in momentum.
In the Euro Area as a whole, the CLI continues to indicate a gain in growth momentum. In Germany, the CLI points to growth firming. The CLI for Italy continues to signal a positive change in momentum and the CLI for France points to a tentative positive change in momentum.
The CLIs point to growth returning to trendin China andto growth around trend rate in Russia. In Brazil and in India, the CLIs signal growth below trend rates.
The OECD Development Centre's Asian Business Cycle Indicators (ABCIs) suggest mixed growth prospects across Emerging Asia (read more).
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