9 Jul 2015
Composite leading indicators point to growth momentum easing in major economies -OCED
FXStreet (Mumbai) - The world's largest economies, including the US and China, will see a slower pace of growth, according to leading indicators released Wednesday by the Organization for Economic Cooperation and Development (OECD).
The leading indicator for the world's largest economy, the US, has fallen each month this year, and now stands at 99.5, pointing to easing growth momentum. A level below the 100 threshold where it started the year, signals a slowdown, while a level above signals acceleration.
A continued slowdown will also become a reality in the world's second largest economy, China, with the leading indicator falling to 97.3 in May from 97.5 in April.
The leading indicators also point to weaker economic performance in the UK, Canada and Brazil.
In the euro area, growth momentum is firming, with the leading indicator remaining unchanged at 100.7 points for the third successive month.
As for the OECD bloc as a whole, the composite leading indicator for its 34 members fell to 100.0 in May from 100.1 in April, which still signals stable growth momentum.
Research team at OECD noted, “Composite leading indicators...point to growth convergence across most major economies and within the OECD."
The leading indicator for the world's largest economy, the US, has fallen each month this year, and now stands at 99.5, pointing to easing growth momentum. A level below the 100 threshold where it started the year, signals a slowdown, while a level above signals acceleration.
A continued slowdown will also become a reality in the world's second largest economy, China, with the leading indicator falling to 97.3 in May from 97.5 in April.
The leading indicators also point to weaker economic performance in the UK, Canada and Brazil.
In the euro area, growth momentum is firming, with the leading indicator remaining unchanged at 100.7 points for the third successive month.
As for the OECD bloc as a whole, the composite leading indicator for its 34 members fell to 100.0 in May from 100.1 in April, which still signals stable growth momentum.
Research team at OECD noted, “Composite leading indicators...point to growth convergence across most major economies and within the OECD."