8 April 2014, 17:25  OECD: Leading index signals positive growth

The Organization for Economic Cooperation and Development said the leading index signaled weakening growth in most emerging economies but continued positive growth prospects in OECD nations. The composite leading index, designed to anticipate turning points in economic activity, remained at 100.7 in February. For the OECD as a whole, and for the United States and Canada, indicators point to growth remaining around trend, it said. The indices point to growth returning to trend in Japan and tentatively losing momentum, while remaining above trend in the United Kingdom. In the euro area as a whole, and in Italy, the indicators continue to indicate a positive change in momentum. In Germany, the CLI points to growth above trend, and for France the CLI points to stable growth momentum. In Brazil and India, growth is set to remain below trend, while Russia is losing momentum, it said.

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