The OECD said its composite leading indicator (CLI) rose to 106.3 in December from a revised 105.7 in November. The November figure was previously given as 106.0. The OECD said analysis of the CLI data points to moderate growth in the OECD economies in the period ahead. "Moderate expansion lies ahead in the OECD area according to the latest composite leading indicators," it said. 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, the OECD said. 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. The six-month rate of change showed an annualised increase of 3.9 pct in December after an increase of 3.1 pct in November, the eighth consecutive improvement in the figure. The six-month rate of change improved in all of the G7 countries in December, with the most positive signals coming from the US and Canada, the OECD said. For the US, the CLI rose to 106.3 in December from 105.3 in November, while the CLI for the euro zone rose to 107.4 from 107.1 and the Japan CLI rose to 100.9 from 100.4.