A leading indicator of the Organization for Economic Co-operation and Development (OECD) area indicated moderate growth in the region's economy in June, latest data showed.
The composite leading economic index came in at 100.3 in June, indicating that the economy has recorded moderate growth. The reading was, however slightly lower than 100.4 recorded in May, which matched the figures in the previous months.
The relevant sub-indicator for the euro area dropped to 99.4 from 99.5 in the previous month, signaling a decline in activity.
The indicator for the United Kingdom edged down to 100.9 in June from 101 in May, while the leading index for the United States rose to 99.9 from 99.8, data showed.
The index for Germany decreased further to 99.3 from 99.4, while that for France dropped to 99.5 from 99.6.
by RTT Staff Writer
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