The composite leading indicator for the U.S. climbed to 101 in November from 100.8 in October, the Paris-based OECD said today in an e-mailed statement. The reading for the U.K. rose to 100.7 from 100.5, while China’s reading climbed to 99.7 from 99.5. The euro-area reading rose to 99.5 from 99.4.
“In the U.S. and U.K., the leading indicator continues to point to economic growth firming” the OECD said today in a monthly statement. “In China and India, signs of a turning point are more marked than in last month’s assessment” and for the reading of the euro area “as a whole point to a stabilization in growth prospects,” according to the OECD.
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