The Organisation for Economic Cooperation and Development’s (OECD) composite leading indicators (CLIs) have pointed more strongly to slowdowns in all major economies for September.
Statistics released today reveal that composite leading indicators for the OECD area have fallen from 100.9 points to 100.4 points between August and September, and in the euro area the CLI fell from 99.9 to 99.1 points.
The UK experienced a fall from 99.8 to 99.0, a fall of -0.8 points compared to a drop by -0.7 points in August.
In August it was predicted that Japan could experience a possible peak in economic growth after a year on year growth rate of 1.9 per cent. However, for September it has experienced another economic slowdown with CLI’s for Japan falling from 102 points to 101.6 points.
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