The OECD said its composite leading indicator was unchanged at 109.5 in February. The OECD said the CLI data continue to point to a moderation in economic growth in the advanced economies in the period ahead. "The latest composite leading indicators suggest that some moderation in economic expansion lies ahead in the OECD area," 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 0.8 pct in February compared with an increase of 1.0 pct in January. The six-month rate of change has been on a downward trend since March 2006. The US CLI fell to 106.1 in February from 106.4 in January. The CLI for the euro zone rose was unchanged at 109.3 in February but its six-month rate of change has been on a downward trend since last June. Japan's CLI eased to 100.6 from 100.7, and the UK CLI fell to 100.9 from 101.0