The OECD said its composite leading indicator rose again in February, pointing to moderate growth in the advanced economies in the period ahead. The CLI rose to 109.3 in February from a revised 108.8 in January. The January figure was previously given as 106.3, but the OECD said past data has been revised as a result of changes in the way the indicator is compiled. The OECD said analysis of the data points to continued moderate growth in the advanced economies. "Moderate expansion lies ahead in the OECD area, according to the latest composite leading indicators. February data show improved performance in the CLI's six month rate of change in most of the major seven economies, with the most positive signals observed in the United States, Germany and Canada," 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 4.7 pct in February after an increase of 4.0 pct in January, the tenth consecutive improvement in the figure. For the US, the CLI rose to 107.0 from 106.5. The euro zone composite indicator climbed to 108.4 from 107.9, with the German indicator rising to 112.8 from 111.9. Japan and the UK showed more modest improvements, with the Japanese CLI rising 0.1 points to 101.0 and the UK CLI up by the same margin at 99.5.