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The
Paris-based Organisation for Economic Cooperation and
Development said its monthly leading economic indicator, a
measure designed to flag turning points in the world economy,
showed signs of stabilization in China, India and France.
"The CLIs (composite leading indicators) continue to point to
easing growth in the United States, the United Kingdom, and
Japan, with a similar outlook now expected in Germany and
Italy," it said in a statement.
"In India and France, growth momentum is stabilizing. Signs of
growth stabilization are also emerging in China and Canada," it
said.
On an index where 100 represents the long-term average, the OECD
said the reading for OECD countries as a whole edged down to
99.6 in February from 99.7 the month before.
The euro zone economy remained at 100.5 in its latest review of
conditions, with the indicator for France stable at 100.9 while
it dipped for Italy from 100.8 to 100.7.
The U.S. reading edged lower, to 98.9 from 99.0, while the UK
reading dipped to 99.1 from 99.2. Germany's indicator dropped to
99.7 from 99.8.
China stood at 98.4, unchanged from the previous month. Brazil's
reading remained at 97.7 while Russia stabilized at 98.2.
(Reporting by Michel Rose; Editing by Ingrid Melander and Tom
Heneghan)
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