The Organization for Economic Co-operation and Development said the leading index suggested stable growth momentum in the region as a whole but the outlook deteriorated in most major emerging economies.
The leading index came in at 100 in July, down from 100.1 in June.
The OECD said growth momentum is expected to moderate in Canada, the U.K. and the United States, albeit from relatively high levels.
At the same time, it signaled stable growth momentum in the euro area as a whole, particularly in Germany and Italy.
The indicator pointed to firming growth in India. On the other hand, the outlook continues to deteriorate for China.
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