OECD composite leading indicators (CLIs) suggest stabilization in the pace of expansion across the 29 countries that make up the OECD.
While growth prospects vary across major economies, tentative signs of convergence in economic cycles are appearing. The October 2010 CLIs for the United States and China, and to a lesser extent France, show signs of improvement compared to last month, while the CLIs for Germany and Japan show moderation towards a stable pace of expansion. The CLI also continues to point to expansion in Russia.
Downturn signals are still evident for Canada, Italy and India. Brazil remains in a slowdown phase.
The OECD Development Centre’s Asian Business Cycle Indicators (ABCIs) suggest that the strong recovery seen in ASEAN economies in the first half of 2010 is gradually losing momentum.
OECD (Organisation for Economic Co-operation and Development) composite leading indicators (CLIs) are designed to anticipate turning points in economic activity. OECD designations:
OECD-Total covers these 29 countries:
• Czech Republic
• New Zealand
• Slovak Republic
• United Kingdom
• United States
ASEAN, the Association of Southeast Asian Nations, includes:
to Daily News