As financial conditions tighten, the latest readings point to slowing growth in most major markets, the OECD says.
The OECD’s composite leading indicators (CLIs) — which use a collection of forward-looking indicators such as order books, building permits and confidence indexes to anticipate turning points in economic trends — signal a slowdown in the OECD overall and in most of its major economies.
“Among large OECD economies, the CLIs continue to anticipate a loss of growth momentum in Canada, the U.K. and the U.S., as well as in the euro area as a whole, including France, Germany and Italy,” the organization said in a release.
Among the developed markets, only Japan’s CLIs are signalling stable growth, the Paris-based group noted.
And, in the major emerging markets, the CLIs for China now indicate a loss of growth momentum, the OECD reported. Brazil is facing slowing momentum, but India’s data points to stable growth.