The latest leading indicator readings from the Organization for Economic Co-operation and Development are signaling slowdowns in the world’s major economies.
The OECD reports that its composite leading indicators for September, which are designed to anticipate turning points in economic activity, continue to point to slowing activity in most OECD countries and major non-OECD economies.
Compared to last month’s assessment, the CLIs point more strongly to slowdowns in all major economies, it says. In Canada, France, Germany, Italy, Britain, Brazil, China, India and the Euro area, the CLIs point to economic activity falling below long term trend.
In the United States, Japan, and Russia, the CLIs are indictaing slowdowns in growth towards long term trends, the OECD says.