Economic Activity Slowing Down, Says OECD

OECD composite leading indicators (CLIs) for March 2010 point to a slowdown in the pace of economic activity. In most OECD countries signs of slowing growth are tentative, but stronger signals have appeared in France and Italy, and some evidence of a potential halt in expansion is emerging in China and Brazil.


The CLI for the OECD area increased by 0.6 point in March 2010. The CLIs for the United States and Japan increased by 0.8 and 0.9 point respectively, while the Euro area leading indicator increased by 0.5 point.


The CLI for Brazil and China decreased by 0.3 point in March 2010, whereas the CLIs for India and Russia recorded moderate increases.

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