The latest composite leading indicators from the Organization for Economic Co-operation and Development (OECD) continue to signal diverging growth patterns among the major economies.
The Paris-based OECD says that its latest composite leading indicators (CLIs) “point to moderate improvements in growth in most major OECD economies but in large emerging economies the CLIs point towards stabilizing or slowing momentum.”
The indicators for Canada suggest that growth will be close to trend rates, the OECD says. It reports that the indicators for the United States and Japan continue to point to economic growth firming, and that the euro area as a whole is seeing a gain in growth momentum.
Within Europe, Germany’s indicators point to growth returning to trend. It also shows a positive change in momentum for Italy, relatively stable momentum for France, and growth close to trend rates in the United Kingdom.
Among the major emerging market economies, the OECD says that indicators for China signal growth close to trend, and it’s pointing to a tentative upward change in momentum for India. But, the indicators for Russia and Brazil point to slowing momentum, it says.