The conclusions are based on Composite Leading Indicator (CLI), which are designed to anticipate turning points in economic activity relative to trend, continue to show signs of an improving economic outlook in most advanced economies.
The CLIs continue to point to economic growth firming in the United States and the United Kingdom and to growth above trend in Japan. The CLI for Canada indicates a positive change in momentum.
In the Euro Area as a whole, and in France and Italy, the CLIs continue to indicate a positive change in momentum. In Germany, the CLI shows signs of firming growth.
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