The latest composite leading indicators (CLIs) for Canada are signaling on trend growth, reports the Organization for Economic Co-operation and Development (OECD).
The Paris-based OECD says that its indicators, which are designed to anticipate turning points in economic activity relative to trend, continue to signal diverging growth patterns across major economies. “The CLIs point to moderate improvements in growth in most major OECD countries but stabilizing or slowing momentum in large emerging economies,” it notes.
For Canada, the CLIs point to growth close to trend rate, it says. The indicators also signal that economic growth appears to be firming in the U.S., UK, and Japan.
In the Euro Area as a whole, the CLIs continue to indicate a gain in growth momentum, the OECD says. The indicator for India continues to show signs of a tentative positive change in momentum, it adds, but the indicators for Russia and Brazil are still pointing to slowing momentum, and China’s indicator is now pointing to slowing momentum, too.