December OECD composite leading indicators – still up and slowing
Posted on 07 February 2010
The December OECD CLI continues to signal that the rate of recovery is slowing but still positive.
It’s principally a function of strength in the US and in parts of Europe – where the expansion continues, just at a slowing pace as it is feeling out a near term peak.
China’s expansion has stalled – with the CLI crossing through to the contraction side of the ledger for December.
And Australia? We are at the crossroads with the economic expansion clearly peaking though well in the positive.
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