The Organization for Economic Cooperation and Development said the leading index signaled stable growth momentum in the region and positive development in the euro area.
The composite leading indicator increased to 100.4 in January from 100.3 in the previous month, the OECD said Monday. Stable growth momentum is anticipated in the United States, Canada, the U.K, Japan and China.
In the euro area, signs of positive growth momentum in seen especially in Germany and the index for France and Italy signaled tentative signs of positive change in momentum. The index for India suggested firming growth, while in Russia the index continues to point to a loss in growth momentum. Click here to read more.