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OECD Leading Indicator Suggests Expansion In Activity

(RTTNews) – Friday, the Organisation for Economic Co-operation and Development said its composite leading indicator continued to signal an improvement in economic activity for the G7 countries.

The CLI for the OECD area increased to 103.6 in January from 102.8 in December suggesting expansion. The measure for the euro area increased moderately to 104.8 from 104.2. The CLI for the U.S. climbed to 102.3 from 101.4.

The indicator for major five Asian countries, which include China, India, Indonesia, Japan and South Korea, moved to 102.9 from 102.5 and that for major seven world economies climbed to 103.6 from 102.8.

Further, the CLIs for major European economies suggested expansion, while those for Brazil and India pointed to recovery.

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