The OECD said its composite leading indicator rose to 103.6 in June from 103.0 in May. The OECD said analysis of the CLI data still points to weak activity in the advanced economies in the period ahead. The CLI summarises information contained in a number of key short-term indicators known to be linked to GDP and provides early signals of turning points between expansions and slowdowns in economic activity. Such turning points are highlighted by the so-called six-month rate of change in the CLI, which compares the current month's CLI figure with the average of the previous 12 months. On this basis, the CLI rose an annualised 0.5 pct in June, after falling 0.5 pct in May. For the US, the CLI improved to 102.8 from 101.9 and its six-month rate of change also picked up markedly. But the CLI for the euro zone was unchanged at 104.9, although its six-month rate of change improved slightly. Japan's CLI rose to 97.6 from 97.4, while the UK CLI was unchanged at 99.9.