OECD's Composite
leading indicators (CLIs) point to weakening growth in major emerging economies,
with the exception of China, where the CLI points to growth remaining around
trend. CLIs point to growth below trend in Brazil and India, and to growth
losing momentum in Russia.
For the OECD as a whole, and for the United States and Canada, CLIs point to
growth remaining around trend. CLIs point to growth returning to trend in Japan
and tentatively losing momentum while remaining above trend in the United Kingdom.
In the Euro Area as a whole, and in Italy, CLIs continue to indicate a positive
change in momentum. In Germany, the CLI points to growth above trend, and for
France the CLI points to stable growth momentum.
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