By Adam Cadle
Economic activity in the OECD area has regained momentum, with composite leading indicators having increased from 100.4 to 100.5 points in March according to the OECD.
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Momentum also picked up in the major five Asia, with Japan experiencing a month on month growth rate of 0.2%.
However, continued sluggish activity was experienced in France where CLIs fell from 99.7 to 99.6 and also in Italy where indicators fell from 99.3 to 99.2. The countries reported year on year growth rates of -1.4% and -2.4%, respectively.
Finally, activity below long-term trend was seen in the Euro area and also in Germany.
Defined benefit (DB) pension scheme closures could be prevented by counter-cyclical funding regulations, making them more attractive to plan sponsors, says the Organisation for Economic Cooperation and Development (OECD)Slow European growth set to continue - OECD
The Organization for Economic Cooperation and Development (OECD)’s Composite Leading Indicators (CLIs) fell 0.5 points for the OECD area in July, indicating that slow economic growth across Europe is set to continuePositive change for economic activity in OECD area
Economic activity in the OECD area showed signs of a positive change in momentum in December, according to the OECD’s latest composite leading indicators