Leading indicators continue to point towards economic slowdown, the Organization for Economic Co-operation and Development said Monday.
The OECD says its latest composite leading indicator readings, which are designed to anticipate turning points in economic activity, point to a slowdown in all major economies, but with some variation in the strength of the slowdown across countries.
The CLIs for Canada, China and the U.S. “continue pointing to slowdowns in economic activity around long term trends but with only marginal declines compared to last month,” it says.
Meanwhile, the CLIs for Japan and Russia point to economic activity above long term trend, with a marginal slowdown for Russia, and a slightly stronger, but still moderate slowdown for Japan.
Whereas for Brazil, France, Germany, India, Italy, the UK and the Euro area as a whole, the CLIs continue pointing strongly to economic activity falling below long term trend.