Composite leading indicators point to signs of easing growth in the OECD area
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue to point to signs of easing growth in the OECD area as a whole.
The CLIs continue to point to easing growth in the United States, the United Kingdom, and Japan, with a similar outlook now expected in Germany and Italy.
The outlook is for stable growth momentum in the Euro area as a whole. In India and France, growth momentum is stabilising. Signs of growth stabilisation are also emerging in China and Canada.
In Russia and Brazil the CLIs continue to point to a loss in growth momentum.