The latest leading indicator readings continue to point to a slowing in economic activity, reports the Organization for Economic Co-operation and Development (OECD).
The Paris-based OECD says that the latest composite leading indicators, which are designed to anticipate turning points in economic activity, continue to point to “an easing of economic activity” in most major OECD economies, and slowdowns in most major non-OECD economies.
For Canada, indicators point to continued weak growth, the OECD says. The indicators for Japan and the US show signs of fading growth momentum. For the Euro Area, the indicators for France and Germany continue to point to weak growth, Italy’s readings point more strongly to a slowdown, whereas the UK shows tentative signs of a pick-up in economic activity.
In China, India and Russia, the indicators continue to point to a slowdown, the OECD says. Whereas, Brazil’s indicators point to a more moderate pick-up in economic activity than in last month’s assessment.