OECD Composite Leading Indicators Signal Widespread Slowdown in Economic Activity
Composite leading indicators (CLIs) for July 2011, designed to anticipate turning points in economic activity relative to trend, continue to point to a slowdown in economic activity in most OECD countries and major non-member economies. The CLI for the OECD area fell 0.5 point in July; the fourth consecutive monthly decline.
Compared to last month’s assessment, the CLIs for Canada, France, Germany, Italy, the United Kingdom, Brazil, China and India are pointing more strongly to a slowdown in economic activity. The CLIs for the United States and Russia are now also pointing more clearly to a slowdown in economic activity than in last month’s assessment.
The outlook for Japan continues to indicate a potential turning-point in economic activity.Slowdown in the OECD area