Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to an easing of economic activity in most major OECD economies and a more marked slowdown in most major non-OECD economies. The most recent report was released by OECD in July 2012.
The CLIs for Japan, the United States and Russia remain above long term trend but continue to point to dissipating momentum, especially in the case of Russia.
The CLIs for France, Germany, Canada, the United Kingdom and the Euro Area as a whole continue to point towards economic activity below long-term trend. In Italy the CLI signals point more strongly to a slowdown. The CLIs for China and India point strongly to a slowdown with economic activity falling below long-term trend. In Brazil the CLI continues to point to economic activity returning towards long-term trend but with a weaker intensity than in last month's assessment.
OECD (Organisation for Economic Co-operation and Development) composite leading indicators (CLIs) are designed to anticipate turning points in economic activity.
The OECD currently has 34 member countries:
* Czech Republic
* New Zealand
* Slovak Republic
* United Kingdom
* United States
to Daily News