OECD sees slower growth ahead
Chart of the Week 12 Jun, 2010
The latest OECD data, its composite leading indicators (CLIs) for April 2010, has been released and points to a slowing pace of expansion in most OECD countries. The CLI for the OECD area increased by 0.4 point in April 2010, slightly lower than the 0.5 point increase in March. April was the ninth consecutive month that the rate of increase has slowed.
Tentative signs of a potential peak have appeared in Brazil with stronger evidence emerging in France, Italy, and especially China. The CLIs for Japan, the United States and Germany continue to indicate that the ongoing expansion in activity is likely to be maintained, but possibly at a slower pace.
Source: OECD
