Composite leading indicators (CLIs) point to a mixed outlook across major economies, characterised by weakening growth in the eurozone and stable growth in most other major economies, the OECD has revealed.
In Europe, signs are emerging of a loss of growth momentum in the eurozone, with stronger signals in the case of Germany and Italy, while in France and in the United Kingdom the outlook continues to point to stable growth.
The CLIs for the OECD area as a whole, as well as for Canada and the United States, continue to signal stable growth momentum. Among other major economies, a stable growth momentum is also anticipated in Brazil, China and Russia.
In Japan, the CLI points to a loss in growth momentum, though this may be related to one-off factors.
India is the only major economy where the CLI points to a pick-up in growth momentum.