OECD's composite leading indicators (CLIs) signal a mild loss in growth momentum in most major economies in April 2011, except in the United States. The United States continues expanding relative to trend, albeit more moderately than in the March assessment. The OECD said the CLIs point to:
• a stable pace of expansion in Germany and the United Kingdom
• clear signs of slowdown in the pace of activity in France and Italy
• a likely moderation of growth towards its long-term trend in Canada
The CLI for China points to a possible moderation in economic activity, OECD said.
Other CLIs indicate a slowdown in Brazil and India and the first sign of a loss of growth momentum in Russia.
Japan's exceptional circumstances make it impossible to provide reliable estimates of the CLI for Japan at this stage, OECD said.
OECD (Organisation for Economic Co-operation and Development) composite leading indicators (CLIs) are designed to anticipate turning points in economic activity.
OECD current has 34 member countries:
• Czech Republic
• New Zealand
• Slovak Republic
• United Kingdom
• United States
to Daily News