12 March 2012, 18:13  OECD: Leading indicators rise for the third consecutive month

An economic indicator designed to anticipate turning points in activity indicated positive development in the Organization for Economic Cooperation and Development (OECD) area, data showed Monday. The index rose for the third consecutive month in January to 100.9 from 100.5 in December, the OECD said. The United States and Japan continue to drive the overall position but stronger, albeit tentative, signals are beginning to emerge within all other major OECD economies and the euro area as a whole. The leading indicators for India and Russia also showed stronger signs of a positive change in growth momentum. On the other hand, the indices for China and Brazil continue to point to below-trend growth.

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