Economic growth is slowing in most major economies, according to the latest leading indicator readings from the Organization for Economic Cooperation and Development (OECD).

Composite leading indicators — which include a variety of forward-looking metrics such as order books, building permits and confidence indexes — point to slowing growth amid high inflation, rising interest rates and weaker equity markets, the OECD said.

In particular, the CLIs suggest that growth was slowing in Canada, the U.K., the U.S. and the euro area, including France, Germany and Italy. The CLIs for Japan continue to signal stable growth there, the OECD noted.

In the major emerging markets, momentum is weakening in China and Brazil, but India is expected to experience stable growth.

Separately, the OECD’s unemployment rate was broadly stable at 4.9% in August, the Paris-based group reported.

The jobless rate was at, or below, its pre-pandemic level in most countries, it said.

While the unemployment rate had ticked up in both Canada and the U.S. in August, it declined again in September, according to more recent data.