An easing of economic activity predicted by OECD
An easing of economic activity in most major OECD economies and a more marked slowdown in most major non- OECD economies is indicated by an OECD statistical survey released tonight. The Organisation’s composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, show Japan, the United States and Russia remaining above long term trend but continuing to point to dissipating momentum, especially in the case of Russia.
The CLIs for France, Germany, Canada, the United Kingdom and the Euro Area as a whole continue to point towards economic activity below long-term trend. In Italy the CLI signals point more strongly to a slowdown.
The CLIs for China and India point strongly to a slowdown with economic activity falling below long-term trend.
In Brazil the CLI continues to point to economic activity returning towards long-term trend but with a weaker intensity than in last month’s assessment.