12 March 2012 13:50 [Source: ICIS news]
LONDON (ICIS)--Indicators for the economies of Organisation for Economic Co-operation and Development (OECD) member countries are pointing to a “positive change in momentum”, with ?xml:namespace>
Composite leading indicators (CLIs), which are designed to anticipate turning points in economic activity, suggest the
The CLIs showed that the US saw the joint largest increase in economic growth month on month in January, with a 0.7% rise, while Japan’s economy rose by 0.5%.
The OECD added that stronger signals are beginning to emerge within all other major member economies and the eurozone area.
According to the CLIs, OECD economies grew by 0.4% month on month in January, while the eurozone area grew by 0.2%.
It added that
India matched the US with a 0.7% month-on-month increase in January, while Russia’s economy grew by 0.2%, according to the CLIs.
Looking to the outlook in
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