The latest leading indicator readings continue to signal diverging growth patterns across the major economies, the Organization for Economic Co-operation and Development (OECD) reports.
The Paris-based group’s composite leading indicators, which are designed to anticipate turning-points in economic activity, for Canada, Japan, Russia, Germany, France and the euro area continue to point to weak growth. And, in Brazil, it finds that signs of positive momentum that were emerging in recent months is dissipating.
In China and Italy, on the other hand, signs of turning points in the cycle are beginning to emerge, the OECD says. Tentative signs of a stabilization in growth have also emerged in India, it adds.
For the United States and the United Kingdom where consumer confidence picked up strongly last month, the OECD reports that the indicators continue to point to firmer economic growth.