14/01/2013 - Composite leading indicators (CLIs), designed to anticipate turning-points in economic activity relative to trend, show signs of stabilising economic outlook in most major economies.
United States and the United Kingdom, the CLI continues to point to economic growth firming. In China and India, signs of a turning point are more marked than in last month’s assessment.
The CLIs for
Italy, Germany, France and the Euro Area as a whole point to a stabilisation in growth prospects. Likewise, in Brazil and Japan, tentative signs of stabilising growth are emerging.
On the other hand, the CLIs for
Canada and Russia continue to signal weak growth prospects.
Growth firming in the OECD area
Underlying data - Source: OECD Composite Leading Indicators Database
The methodology used to compile OECD CLIs and reference series trend is described in the following document: "
OECD system of Composite Leading Indicators".
Watch also our short video explaining how the Composite Leading Indicators are compiled