OECD composite leading indicators provide stronger signs of recovery :
The CLI for the OECD area increased by 1.5 point in August 2009 and was 0.6 point higher than in August 2008. The CLI for the United States increased by 1.6 point in August, 1.6 point lower than a year ago. The Euro area’s CLI increased by 1.7 point in August, 4.1 points higher than a year ago. The CLI for Japan increased by 1.3 point in August, 3.9 points lower than a year ago.
The CLI for the United Kingdom increased by 1.6 point in August 2009 and was 1.7 point higher than a year ago.
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The CLI for China increased 1.5 point in July 2009, 0.7 point lower than a year ago (unchanged). The CLI for India increased by 0.9 point in August, 0.1 point higher than a year ago. The CLI for Russia increased by 1.1 point in August, 10.2 points lower than a year ago. The CLI for Brazil increased by 0.4 point in August, 8.5 points lower than a year ago.
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