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OECD Leading Index Points To Stable Economic Growth

Economic growth in the Organization for Economic Co-operation and Development (OECD) area will likely be in line with trend in the coming months, data from a recent survey showed Tuesday.

A leading indicator of the OECD economy, which is designed to anticipate turning points in economic activity relative to trend, increased 0.07 percent sequentially to 100.7 in September, continuing the upward trend seen in recent months. Year-on-year, the index moved up 0.97 percent.

The sub-indicator for Japan points to economic growth above trend, and the index for the United Kingdom shows that growth is firming.

The Canadian economy is set to witness a positive change in momentum, and the leading indicator for the United States signals growth around trend.

The survey indicates that economic growth in the Euro Area will continue to a gain momentum. Growth is firming in Germany, and the economies of Italy and for France will experience positive changes in momentum.

Among emerging economies, the leading indicator for China signal a tentative positive change in momentum, and indicate growth around trend in Russia. Data from Brazil and in India continue to signal below-trend growth rates.

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