Stable growth momentum in the OECD area
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend six to nine months ahead, point to stable growth momentum in the OECD area as a whole
The CLIs anticipate stable growth momentum in the euro area, particularly in France and Italy, and in Japan.
On the other hand, growth is expected to gain momentum in the United States, Canada, and Germany. In the United Kingdom, the CLI continues to point to tentative signs of growth gaining momentum, although uncertainty related to Brexit remains.
Amongst major emerging economies, the assessment remains unchanged from last month, with CLIs in China, Brazil and Russia pointing to growth picking-up and the CLI for India signalling easing growth momentum.