💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

OECD flags growth pick-up in U.S., Japan, Germany, France

Published 02/08/2017, 06:11 AM
Updated 02/08/2017, 06:20 AM
© Reuters.  OECD flags growth pick-up in U.S., Japan, Germany, France

PARIS (Reuters) - Economic growth appears to be picking up in the United States, Japan, Germany and France, the Organisation for Economic Co-operation and Development (OECD) said on Wednesday.

The Paris-based OECD said its leading indicator (CLI) covering 33 member countries, meant to flag early signals of turning points in economic activity, remained just below its long-term average of 100 at 99.9 for the second month in a row.

The reading for the United States rose to 99.4 in December from 99.3 the month before. Japan's rose to 100.1 from 100, and the index for Germany rose to 100.5 from 100.3. France's indicator rose by 0.1 point to 100.6.

Britain's reading recovered to 99.5 from 99.3.

"In the United Kingdom, there are tentative signs of growth gaining momentum, although the CLI remains below trend and uncertainty persists about the nature of the agreement the UK will eventually conclude with the EU," the OECD said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.