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.
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.
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