PARIS -- A turning point in the economic cycle begins to take shape in China and Italy, according to the CLIs released Monday by the Organization for Economic Cooperation and Development.
The latest composite leading indicators, or CLIs, designed to anticipate turning-points in economic activity relative to trend, show diverging patterns across major economies.
Hovering at 0.01 percent in August and September, the CLI for China has accelerated its growth by 0.03 percent in October which stands at 99.6, while in Italy it rose by 0.03 percent in September, then continued to climb up 0.06 percent in October, which indicate that "signs of turning points in the cycle are beginning to emerge" in both countries, the OECD said in its latest CLIs report.
Tentative signs of stabilization in growth have also emerged in India, but in Brazil tentative signs of positive growth momentum predicted in recent months is dissipating.
The CLIS for Canada, Japan, Russia, Germany, France and the euro area as a whole continue to point to weak growth. However, the OECD figure shows that in the United States and Britain where consumer confidence picked up strongly last month, the CLI continues to point to economic growth firming, with data stand at 0.09 percent and 0.23 percent in October respectively.
Related readings:
China to brace for new inflationary pressure
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
