12/01/2012
By Adam Cadle
Most major European economies suffered another slowdown in economic activity for November, the Organisation for Economic Cooperation and Development’s (OECD) composite leading indicators (CLI) revealed.
Economic growth in the OECD area fell from 100.2 points to 100.1 points and the euro area experienced a fall in growth rates of -0.4 per cent as figures fell from 98.7 to 98.3. Furthermore, the UK’s CLIs fell from 98.8 to 98.4 points and China witnessed a fall of -0.1 per cent.
However, the OECD did reveal that the CLIs for Japan, United States and Russia are showing signs of a positive change in momentum and remain above the long-term trend. Japan’s figures remained stable at 101.5 points, the US saw an increase from 101.0 points to 101.2 points and Russia saw its CLIs rise from 102.3 points to 102.5 points.
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