The OECD said its composite leading indicators (CLIs) for February 2011 continue pointing to expansion in most OECD countries. The CLIs are designed to anticipate turning points in economic activity relative to trend.
CLIs continue pointing to robust expansion in Germany and the United States and a possible regained momentum in France and Canada.
The CLI for the United Kingdom points to a slow but stable pace of expansion.
The CLI for Italy points to a loss of momentum in economic activity.
Because of the exceptional circumstances the country is facing, it is not possible to provide reliable estimates of the CLI for Japan at this stage.
The CLI for China points to a possible moderation in economic activity.
For Brazil the CLI indicates that economic activity should remain near its long-term potential.
The CLI for India continues pointing to a slowdown.
The CLI for Russia continues pointing to expansion.
OECD (Organisation for Economic Co-operation and Development) composite leading indicators (CLIs) are designed to anticipate turning points in economic activity.
OECD-Total covers these countries:
• Czech Republic
• New Zealand
• Slovak Republic
• United Kingdom
• United States
to Daily News