Dynamics of the leading figures in August showed a weak economic growth in Europe and a steady increase in most other major countries in the world, according to the Organization for Economic Cooperation and Development (OECD), which keeps track of these figures.
According to a press release indicators leading indicators in the world as a whole indicate a steady impetus to the growth of the economy. Also, steady growth is expected in Brazil, China and Russia.
Meanwhile, Japan’s economy is still reeling from the April increase in the consumption tax.
The eurozone is showing signs of losing momentum to growth, with the strongest negative signals coming from Germany and Italy, while leading indicators of France and the UK suggest maintaining stable economic growth.
India is the only country among the states with the largest economies in the world, in which the leading indicators point to accelerating the pace of increase.
The index of leading indicators in the OECD in August remained at 100.4 points. In March-June, up from 100.5 points.
The indicator does not fall below 100 points, indicating that maintaining the level of economic activity above the average in the long term.
Indicator in the euro zone in August amounted to 100.7 points versus 100.8 in July. Italian index remained at 101.3 points, the French – 100.3 points. Indicator Britain fell to 100.7 points from 100.8 points in July and German – to 99.7 from 100.1 points.
Leading indicators in Canada rose to 100.2 points from 100.1 points, while the United States has not changed, reaching 100.5 points. In Japan, the figure had fallen to 99.6 compared with 99.8 in the previous month.
The index of leading indicators Russia remained at 100.4 points for the second month in a row.