A leading indicator of the Organization for Economic Cooperation and Development (OECD) area economy recorded further increase in March, signaling that economic growth is gaining momentum, latest data showed Tuesday.
The composite leading index, which is designed to anticipate turning points in economic activity relative to trend, rose 0.1 percent month-on-month to 100.5 in March, after growing 0.12 percent each in February an January.
The corresponding indicator for the United States continues to point to economic growth firming, while the indicator for Japan signals that growth is set to remain above trend.
The leading indicator for the Euro area continues to indicate a gain in momentum, while in Germany it shows that growth is returning to trend. The measure of economic activity in France, points to growth close to trend rate, and the indicator for Italy points to a positive change in momentum.
The corresponding indicators for the United Kingdom, Canada, Brazil and Russia also signal growth close to trend rates. The indicator for China shows that growth is returning to trend, while the Indian economy continues to grow below trend.
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