The latest economic leading indicators from the Organization for Economic Co-operation and Development (OECD) point to continued stable growth, despite weakening in the major emerging economies.
The OECD said Tuesday that for its members overall, and for major advanced economies such as Canada, the United states and Japan, the latest composite leading indicators, which are designed to anticipate turning points in economic activity relative to trend, point to stable growth momentum. For the United Kingdom the indicator signals that momentum is stabilizing at above-trend rates.
Additionally, the OECD says that for the Euro area as a whole, the indicators continue to suggest a positive change in momentum. In Germany and France, the indicators are signalling stable growth momentum.
At the same time, the indicators for the major emerging economies are heralding slowing, with indicators pointing to below trend growth in Brazil, China and India, and a loss of momentum in Russia.