OECD lead indicator shows U.S., others improving

PARIS Mon Feb 11, 2013 8:14pm IST

A woman take pictures of the skyline of New York and One World Trade Center from the side of Weehawken in New Jersey, February 9, 2013. REUTERS/Eduardo Munoz

A woman take pictures of the skyline of New York and One World Trade Center from the side of Weehawken in New Jersey, February 9, 2013.

Credit: Reuters/Eduardo Munoz

Related Topics

Stocks

   

PARIS (Reuters) - Several of the world's leading economies are showing signs of improvement while the euro zone has stabilised even if France remains weak, an indicator compiled by Organisation for Economic Cooperation and Development suggested on Monday.

In its latest report on the world's economic outlook, the OECD said the composite leading indicator (CLI) for its 33 member states rose to 100.4 in December from 100.3 the previous month, its third increase in a row.

The reading for the United States climbed to 101.0 from 100.9, while Britain's rose to 100.7 from 100.6.

Meanwhile, France's fell to 99.3 from 99.4, dropping even further below its long-term average of 100.

The reading for the broader euro zone was also below its long-term average, but inched up to 99.6 from 99.5, in a sign that growth was stabilising.

"CLIs, designed to anticipate turning points in economic activity relative to trend, show diverging patterns in the economic outlook of major economies," the OECD said.

For other countries the readings showed similar trends, with the CLI for Japan rising to 100.3 from 100.2, and China's falling to 99.4 from 99.5.

Brazil's CLI indicated growth might be picking up, while for Brazil, India and Russia it remained firmly below trend, OECD data showed.

(Reporting by Vicky Buffery)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Public Health

REUTERS SHOWCASE

Cost Cutting

Cost Cutting

PM Narendra Modi boots officials out of the first class cabin  Full Article 

Airtel Profit Jumps

Airtel Profit Jumps

Bharti Q2 net profit more than doubles   Full Article 

Leisure Riding

Leisure Riding

Harley-Davidson woos affluent young Indians with bike culture  Full Article 

Maruti Earnings

Maruti Earnings

Maruti Suzuki net profit up 29 percent, beats estimates.  Full Article 

ICICI Results

ICICI Results

ICICI Bank Q2 profit up 15 percent, beats estimates.  Full Article 

Moody's on India

Moody's on India

Moody's welcomes India's policy steps, but wants to see more.  Full Article 

End Of QE

End Of QE

U.S. Fed ends bond buying, exhibits confidence in U.S. recovery.  Full Article 

Cook Comes Out

Cook Comes Out

Apple's Cook: "I'm proud to be gay"  Full Article 

Refining Margins

Refining Margins

BPCL aims to double refining margins with refinery expansion.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage