CLIs point to growth below trend in Brazil and India, and to growth losing momentum in Russia, said Organisation for Economic Co-operation and Development (OECD) in Composite Leading Indicators (CLIs).
CLIs are designed to anticipate turning points in economic activity relative to trend, point to weakening growth in major emerging economies, with the exception of China, where the CLI points to growth remaining around trend.
India's CLI declined to 97.6 in February from 97.7 registered in January. CLI for India has been on the decline since November 2013 when it stood at 97.9. In December 2013, it had slipped to 97.8.
For the OECD as a whole, and for the United States and Canada, CLIs pointed to growth remaining around trend. While it pointed to growth returning to trend in Japan and tentatively losing momentum while remaining above trend in the United Kingdom.
In the Euro Area as a whole, and in Italy, CLIs continue to indicate a positive change in momentum. In Germany, the CLI points to growth above trend, and for France the CLI points to stable growth momentum.
Powered by Capital Market - Live News
