Clear signals of recovery are now visible in all of the G7 economies, the Organization for Economic Cooperation and Development said in its September update of composite leading indicators.

The update, released on Friday, showed that the composite for the OECD area increased by 1.5 points in July 2009, putting it 1.9 points lower than its July 2008 level. The composite leading indicators is designed to provide early signals of turning points in business cycles.

“OECD composite leading indicators (CLIs) for July 2009 show stronger signs of recovery in most of the OECD economies,” the organization said.

The composite for Canada increased by 1.3 points in July, leaving it 2.2 points lower than a year ago, while the CLI for the United States increased by 1.6 points, still down 4.3 points from last year.

Germany and Italy experienced especially strong increases in July, with their indicators rising 2.3 points and 2.7 points, respectively. Italy’s composite is now 8 points higher than last year’s level.

China’s CLI increased by 1.5 points, putting it 0.7 points lower than a year ago, while India’s composite increased by 1.3 points, at a level 1.1 points lower than last year. Russia’s composite rose 1.3 points, leaving it down 13.6 points from July 2008.

Brazil experienced a minor increase of just 0.2 points in July, keeping its composite 9.8 points lower than July 2008. But the OECD noted that economic indicators from the country are improving.

“The signs from Brazil, where a trough is emerging, are also more encouraging than in last month’s assessment,” the OECD said.