Yesterday the OECD released its growth leading indicators based on December data. The Paris-based organization pointed to slowdowns in the U.S., the U.K. and Russia, steady growth in the eurozone, and an acceleration in India.
OECD seems to be optimistic in relation to Brazil and China and suggested that slowdowns in these two economies may come to an end over coming months. According to the OECD, the gauges of future activity point to “tentative signs of stabilization.”
According to information reported by the Wall Street Journal, the OECD’s leading indicators are designed to provide early signals of turning points between the expansion and slowdown of economic activity, and are based on a variety of data series that have a history of anticipating swings in future economic activity.
Detailed information from OECD’s website: http://www.oecd.org/std/leading-indicators/