Companies are increasingly producing goods and services through supply chains spanning different countries.
Composite Leading Indicators (CLIs) continue pointing to a positive change in momentum in the OECD as a whole..
Composite leading indicators (CLIs) point to a positive change in momentum for the OECD as a whole, driven primarily by the United States and Japan, but similar signs are beginning to emerge in a number of other developed economies.
The assessment is little changed compared to last month for most countries, but the CLIs for Japan, United States and Russia are showing stronger signs of a positive change in momentum and remain above long-term trend.
Composite leading indicators point to a slowdown in economic activity in all major economies, but with some variation in the strength of the slowdown across countries.