Growth momentum picking-up in several advanced economies and strengthening in major emerging economies, states OECD
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to growth momentum picking up in several advanced economies and strengthening in major emerging economies
Signs of growth gaining momentum have emerged in the CLIs for the United States, Canada, Germany and France. In the United Kingdom, there are also signs of improvement in the short term, although uncertainty persists about the nature of the agreement the UK will eventually conclude with the EU.
Growth is expected to gain momentum in China and India, in particular, and also in Brazil and Russia, albeit from low levels.
In the OECD area as a whole, Japan, and the euro area as a whole, the CLIs point to stable growth momentum.
In Italy, the CLI show signs of easing growth.
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.