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15 Jan, 2013

OECD Stats Show “Signs of a Turning Point” in Global Economies


Paris, OECD News Release 14/01/2013 – Composite leading indicators (CLIs), designed to anticipate turning-points in economic activity relative to trend, show signs of stabilising economic outlook in most major economies.

In the United States and the United Kingdom, the CLI continues to point to economic growth firming. In China and India, signs of a turning point are more marked than in last month’s assessment.

The CLIs for Italy, Germany, France and the Euro Area as a whole point to a stabilisation in growth prospects. Likewise, in Brazil and Japan, tentative signs of stabilising growth are emerging. On the other hand, the CLIs for Canada and Russia continue to signal weak growth prospects.

Click here to download the indicators: Leading indicators and tendency surveys – Organisation for Economic Co-operation and Development.