OECD Leading Index Remains Stable in MayWednesday, July 09, 2014 > 10:35:48
The Organization for Economic Cooperation and Development said the leading index continue to point to stable growth momentum in the region as a whole.
The composite leading indicators, designed to anticipate turning points in economic activity relative to trend, remained unchanged at 100.6 in May.
The CLIs for the United States continue to indicate stable growth momentum. The index rose to 100.6 from 100.5 in April.
In the euro area as a whole, the CLI continues to indicate a positive change in momentum. The indicator came in at 101.1, the same score as seen in April.
The CLI for Japan points to an interruption in the growth momentum although this probably reflects one-off factors, it said. The indicator fell to 100.4 in May from 100.7 a month ago.