THE Organisation for Economic cooperation and Development (OECD) on Tuesday said the Composite Leading Indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to a steady expansion in the OECD area as a whole and in most major economies.

Among large OECD economies outside Europe, the CLIs for the US, Japan and Canada continue to expand at a steady pace. In the Euro Area, the CLIs continue to point to a steady increase, but in the UK and France, it anticipate stable growth.

Among major emerging economies, the CLIs for Russia and for the industrial sector in China point to steady increases, as previously, whereas in India the pace of expansion of the CLI is now moderating.

In Brazil, the CLI continues to point to slowing growth.

Despite the gradual lifting of COVID-19 containment measures in some countries and the progress of vaccination campaigns, persisting uncertainties might result in higher than usual fluctuations in the CLI and its components, said the OECD.