Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to growth convergence across most major economies and within the OECD, while continuing to point to weak growth prospects in many major economies, the Organization for Economic Cooperation and Development (OECD) has stated. In April this year, the CLI for the OECD area remained stable month on month at 100.1, recording a decrease of 0.3 percent compared to April 2014. Looking at the five months up to April, the OECD CLI recorded a downtrend from December, on month-on-month basis.
In April, the CLIs for Canada, China and the United States continued to show signs of decrease, while in Italy, Japan, Germany, France and the euro area as a whole they continued to indicate a positive outlook. In the given month, the CLI for India remained almost stable, while the CLIs in Russia, the United Kingdom and Brazil still pointed to a decrease in growth.