Signs of easing growth in the OECD area
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to signs of easing growth in the OECD area as a whole.
The outlook points to easing growth in the United Kingdom, the United States, Canada and Japan. Similar signs are also emerging in Germany.
Stable growth momentum is anticipated in Italy and in the Euro area as a whole. In France, and India, CLIs point to stabilising growth momentum.
The outlook for China remains unchanged from last month’s assessment, pointing to tentative signs of stabilisation, while in Russia and Brazil the CLIs point to a loss in growth momentum.
The above graphs show country specific composite leading indicators (CLIs). Turning points of CLIs tend to precede turning points in economic activity relative to trend by approximately six months. The horizontal line at 100 represents the trend of economic activity. Shaded triangles mark confirmed turning-points of the CLI. Blank triangles mark provisional turning-points that may be reversed.
The cut-off date for information for CLI estimates is 3rd March 2016.