08/07/2013 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to diverging patterns across major economies. The CLIs point to moderate improvements in growth in most major OECD economies but in large emerging economies the CLIs point towards stabilising or slowing momentum.
The CLIs for the United States and Japan continue to point to economic growth firming.
In the Euro Area as a whole, the CLI continues to indicate a gain in growth momentum. In Germany, the CLI points to growth returning to trend. The CLI for Italy continues to point to a positive change in momentum while the CLI for France points to relatively stable momentum.
The CLIs for the United Kingdom, Canada and China point to growth close to trend rates and the CLI for India points to a tentative upward change in momentum. On the other hand, the CLIs for Russia and Brazil point to slowing momentum.
The OECD Development Centre's Asian Business Cycle Indicators (ABCIs) suggest that the ASEAN’s growth momentum remains resilient overall (Read more).
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