OECD: Pace of economic activity eases in most major economies

Composite leading indicators (CLIs) continue to point to an easing of economic activity in most major OECD economies and slowdowns in most major non-OECD economies, the Organization for Economic Cooperation and Development (OECD) has stated. The CLI for the OECD area fell 0.05 points from 100.4 in May to 100.3 in June, recording a 0.3 percent year-on-year decrease. Looking at the five months up to June, the OECD CLI was up in February and March, stable in April, but recorded a downtrend in May and June.
 
The CLIs for Japan and the United States show signs of a fading growth momentum. For the euro area, the CLIs of France and Germany continue to point to weak growth, while in Italy the CLI points more strongly to a slowdown. The CLI for the United Kingdom shows tentative signs of a pick-up in economic activity.