May 11, 2021
The Organisation for Economic Co-operation and Development (OECD) announced that its composite leading indicators (CLIs) point to a steady expansion in the OECD area as a whole and in most major economies. The CLIs are designed to anticipate turning points in economic activity relative to trend,
Among large OECD economies outside Europe, the CLIs for the United States, Japan and Canada continue to expand at a steady pace. In Europe, the CLIs for the euro area as a whole, including Germany and Italy continue to point to a steady increase, but in the United Kingdom and France, the CLIs anticipate stable growth.
Among major emerging economies, the CLIs for Russia and for the industrial sector in China point to steady increases, as previously, whereas in India the pace of expansion of the CLI is now moderating. In Brazil, the CLI continues to point to slowing growth.
The OECD indicates that despite the gradual lifting of COVID-19 containment measures in some countries and the progress of vaccination campaigns, persisting uncertainties might result in higher than usual fluctuations in the CLI and its components.
Source: OECD