12/03/2012

By Adam Cadle

Composite Leading Indicators (CLIs) have shown a positive change in momentum for January, the OECD has revealed.

Growth in the OECD area increased by 0.4 per cent from 100.5 to 100.9 points and growth in the euro area increased by 0.2 per cent from 98.5 to 98.7 points.

Growth cycle outlooks for France and Germany show possible changes in momentum with CLIs for France increasing from 98.8 to 99.1 between December and January and from 98.0 to 98.1 in Germany.

The UK experienced 0.1 per cent economic growth and the US again witnessed economic growth of 0.7 per cent for the second month running.

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