The Organization for Economic Co-operation and Development said Monday the composite leading index signals stable growth momentum in the region.
The leading index remained unchanged at 100 in June. While the leading index signaled firming growth in the euro area, it pointed to growth easing to long-term trends in the United States and the United Kingdom.
Stable growth momentum is expected in Germany, Japan and India. In Brazil and China, the index suggested more strong than last month to a loss in growth momentum.
There were tentative signs of a loss in growth momentum in Canada. The index pointed to firming growth in France and Italy.
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