The Organization for Economic Cooperation and Development’s (OECD) composite leading indicators (CLIs), designed to anticipate turning-points in economic activity relative to trend, show signs of stabilizing economic outlook in most major economies.
In the United States and the United Kingdom, the CLI continues to point to economic growth firming. In China and India, signs of a turning point are more marked than in last month’s assessment.
The CLIs for Italy, Germany, France and the Euro Area as a whole point to stabilization in growth prospects. Likewise, in Brazil and Japan, tentative signs of stabilizing growth are emerging.
On the other hand, the CLIs for Canada and Russia continue to signal weak growth prospects.