THE latest CLIs point to regained momentum in the OECD area but with
divergence between economies.
Compared to last month’s assessment, the
CLIs for Japan and the United States show stronger signs of improvements in
economic activity, pointing towards an expansion. In the Euro area, the CLIs for
France and Italy continue to point to sluggish economic activity below long term
trend. The CLIs for Germany and most other Euro area economies show slightly
more positive signals.
The CLI for the United Kingdom and major emerging
economies, in particular China, where the assessment points to above trend
growth, are showing stronger positive signals compared to last month’s
assessment.
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