THE Organisation for Economic Cooperation and Development's (OECD) on Tuesday said its Composite Leading Indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue to strengthen in most major economies.

In the United States, the CLI continues to increase at a steady pacedriven by the expansion in the consumer confidence.

In Japan, Canada and the Euro-areaas a whole, particularly in Germany and Italy, the CLIs now point to a steady increase in March, 2021, compared to the same period in the previous fiscal.

In Franceand now in the United Kingdom, the CLIs signal stable growth.

Among major emerging economies, the CLIs for India, Russia and the manufacturing sector of China continue to expand at a steady pace, but in Brazil the CLI points to slowing growth.

The OECD cautioned that the CLIs should be interpreted with care as the changing measures to contain COVID-19 and the progress of vaccination campaigns are likely to engender higher than usual fluctuations in the underlying components and result in possible revisions.