Monday , 11 December 2017


OECD's Composite Leading Indicator Suggests Economic Weakness Spreading to China and India

PARIS (Reuters) – There are signs that the economies of two of the world’s leading emerging powerhouses, India and China, are starting to falter, while Europe continues to be handicapped by its debt woes according to a recent report by the Organisation for Economic Co-operation and Development (OECD). [Here are some of the pertinent data.] Words: 250

So writes Vicky Buffery (www.reuters.com) in her original article*.

Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), has edited the article below for length and clarity – see Editor’s Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.

OECD, the Paris-based economic think-tank, reported that its Composite Leading Indicator (CLI), which provides a measure of future economic activity, shows the following:

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1. China: The CLI slipped to 99.1 from 99.4 in April, falling further below its long-term average of 100.

2. India: The CLI dropped to 98.0 from 98.2, again below the 100 average.

3. OECD: The overall CLI for the OECD area, covering 33 countries, inched up to 100.5 from 100.4 over the month, helped by fresh growth in activity in the United States, Japan and Russia.

4. U.S., Japan and Russia: The pace of improvement in the U.S., Japan and Russia has decelerated in recent months, giving a tentative sign their growth may be about to slow.

5. The euro area: remained stable at 99.6.

6. Italy: Their LCI inched down to 99.1 from 99.2.

7. Germany: Their LCI was unchanged at 99.4.

8. Britain: Their LCI inched up to 99.8 from 99.7.

*http://www.reuters.com/article/2012/06/11/us-economy-oecd-indicator-idUSBRE85A0DQ20120611 (To access the above article please copy the URL and paste it into your browser.)

Editor’s Note: The above article may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.

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