Most economic leading indicators green in April: OECD

PARIS - The economies of most industrialised countries should keep expanding, with China and India leading the way, OECD leading indicators that were released on Friday showed. The US economy could be slowing down however.

By (AFP)

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Published: Fri 9 Jun 2006, 8:57 PM

Last updated: Sat 4 Apr 2015, 3:23 PM

“Moderate expansion lies ahead in the OECD area according to the latest composite leading indicators (CLIs)”, the Organisation for Economic Cooperation and Development said.

Data for non-OECD countries “point to continued strong expansion in China and moderate expansion in India”, it added.

Within the 29-member OECD area, the CLI rose by 0.5 point in April to 110.1 from 109.6 in March, along with an improved result in the six-month rate of change for the eurozone, Britain and Japan.

In the United States, the CLI “decreased by 0.1 point in April and its six-month rate of change was down for the second consecutive month”, the OECD said.

The indicator is meant “to provide early signals of turning points (peaks and troughs) between expansions and slowdowns of economic activity”.

OECD economists use the six-month rate of change as their ”preferred pointer to possible turning points”.

In late May, the OECD forecast the economies of OECD countries would grow by 3.1 per cent this year, but stressed dangers from global imbalances, principally US trade and current deficits.

The organisation is an international economic body that issues advice to policymakers on globalisation.

Its members include most of the world’s industrialised nations, but not emerging powers China, Russia, Brazil or India.

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