The Organization for Economic Co-operation and Development said the leading index signaled a stable growth momentum in the region and a resilient growth in the euro area.
The composite leading indicator, designed to anticipate turning points in economic activity, came in at 100.0 in May, down slightly from 100.1 in April. Stable growth momentum also observed in Japan, Germany and India.
The leading index continue to point to firming growth in the euro area, especially in France and Italy, the OECD said.
The index suggested easing growth momentum for the United Kingdom, China and the United States, while in Russia the index reflected tentative signs of positive change in growth momentum.
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