|
The
Paris-based Organisation for Economic Cooperation and
Development said its leading indicator (CLI) for the United
States improved to 98.95 in April from 98.93 in March, the first
increase in the reading since July 2014.
The indicator, meant to flag early signals of turning points in
economic activity, remained below the long-term average of 100,
however.
The index for China rose to 98.41 in April from 98.38 in March,
its second consecutive monthly increase. The reading fell below
the 100 mark in October 2014.
The OECD said its indicators showed stable growth momentum in
the euro zone as a whole, including Germany and France, while
the reading for Britain pointed to easing growth.
The index for the euro zone fell to 100.38 in April from 100.42
in March but has been above its long-term average of 100 since
October 2013.
The OECD was also positive on the outlook for Brazil and Russia,
which have suffered from a sharp downturn driven by a collapse
in commodities prices.
"Amongst major emerging economies, CLIs for Brazil and Russia
confirm the signs of positive change in growth momentum flagged
in last month's assessment," the OECD said.
(Reporting by Michel Rose; Editing by Hugh Lawson)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
