The latest leading economic indicators continue to point slowing growth in most major economies, the Organization for Economic Co-operation and Development (OECD) reports.
The OECD’s latest composite leading indicators (CLIs) — which track forward-looking data such as order books, building permits, and confidence indicators, in an effort to anticipate economic shifts — are continuing to signal slowing growth in most of the OECD countries, and in most major economies.
“Dragged down by high inflation, increasing interest rates and declining share prices, [CLIs] remain below trend,” for Canada, the U.S., the U.K. and Europe, the Paris-based group reported.
A notable exception remains Japan, where the CLIs are pointing to stable growth, it said.
In the major emerging markets, “signals are mixed,” the OECD said, with India facing weaker growth, but China and Brazil seeing “tentative signs of stabilization,” albeit with growth remaining below trend.