Further Economic Expansion Likely In OECD

The signs from the composite leading indicators of the OECD for February 2010 are still in favour of further economic expansion in the growth cycles of member states. The pace across different countries and regions is however expected to vary. The US and Japan look the most likely to continue to increase their economic activity in coming months with an increase of 0.9 points each. Signs of slower growth were recorded in China 0.0, and France 0.1, and Italy 0.2. The OECD area increased by 0.7 in February 2010. The UK recorded an increase of 0.4 points. The Euro area recorded 0.5 and the G7 0.7 points. India 0.4, Brazil 0.3 and Russia 0.5 recorded fairly moderate increases.