AS per CLIs of economic activity in the Euro
area, there are signs of momentum in OECD and other major economies.
The CLIs for Japan and the United States
continue to show strong signs of regained momentum in economic activity.
The CLI for the Euro area indicates a potential turning point but with
diverging assessments for the four major European economies. The CLIs for
Italy and France point to continued sluggish economic activity. In Germany
and the United Kingdom the CLIs continue to show signs of a positive change
in momentum but these are weaker than in last month’s assessment.
The assessment for Brazil, India, Russia and, in particular China, shows stronger
positive signals compared to last month’s assessment.
|
