11/01/2017 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue to point to growth momentum picking up in several advanced economies.
The CLI for Germany anticipates growth gaining momentum. In the United States, Canada, and France the CLIs confirm the signs of growth gaining momentum flagged in last month's assessment, with similar signals now also emerging in Japan. In the United Kingdom, there are tentative signs of growth gaining momentum, but the CLI remains below trend and uncertainty persists about the nature of the agreement the UK will eventually conclude with the EU.
Stable growth momentum is anticipated in the OECD area as a whole as well as the euro area and in Italy.
Amongst major emerging economies, the CLIs signal growth gaining momentum in China, Brazil and Russia,while signs of easing growth momentum are emerging in India.
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