Economic growth momentum easing, OECD says

The latest leading indicator readings point to signs of moderating growth in most major economies, reports the Organization for Economic Cooperation and Development (OECD).

The OECD said that its composite leading indicators (CLIs), which are designed to anticipate turning points in economic activity, show signs of growth moderating at above-trend levels.

In particular, the latest CLIs point to moderating growth in the U.S., Japan and Canada, with similar indications in the U.K. and in the Euro area, including Germany and Italy.

France is also seeing signs of moderating growth, but with the CLIs at below trend levels.

In the major emerging markets, the trends are more diverse.

“Steady growth continues in China (industrial sector), and stable growth continues in India,” the OECD reported, whereas in Brazil and Russia, the CLIs indicate slowing growth.

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