Composite leading indicators (CLIs) in December 2013 show signs of an improving economic outlook in most major global economies, according to the OECD.
CLIs are designed to anticipate turning points in economic activity relative to trend.
In the United States, the CLI points to growth around trend.
The CLIs point to economic growth above trend in Japan, and to growth firming in the United Kingdom. The CLI for Canada indicates a positive change in momentum.
In France and in Italy, the CLIs continue to indicate a positive change in momentum. In Germany, the CLI points to growth firming.
In the emerging economies, the CLIs point to growth around trend in Brazil and to a tentative positive change in momentum in China, Russia and India.
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