11/03/2013 - Composite leading indicators (CLIs), designed to anticipate turning-points in economic activity relative to trend, show diverging growth patterns in the economic outlook of major economies.
In the United States and Japan, the CLIs continue to point to economic growth firming.
In the Euro Area as a whole, and in particular Germany, the CLIs point to a pick-up in growth. The CLIs for Italy and France point to no further declines in growth.
The CLI for United Kingdom points to growth close to its long term trend rate but with a slowing momentum. In Canada the CLI continues to point to weak growth.
In China, India and to a lesser degree in Brazil the CLIs point to growth below trend. In Russia however, the CLI points to growth picking up.
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