Composite Index of Leading Indicators (CLI), Organization for Economic Cooperation and Development (OECD) ‘economic thermometerTo detect changes in the trend, it shows a loss of momentum in growth in Spain, in line with the deterioration observed in most of the leading advanced economies.
“A heavily inflation historically high, low consumer confidence and falling stock pricesCLIs remain below trend and continue to predict a loss of growth momentum in most major OECD economies,” explained the ‘think tank’ of most advanced economies.
Specifically, the data for Spain was 98.83 points in July and 2.18 points below the level recorded a year ago, compared to 99.11 the previous month.
In the OECD example, the CLI remained at 99.2 points, compared to 99.4 in June. loss of growth momentumSomething that applies to Canada, the United Kingdom and the United States, as well as the entire eurozone, including France, Germany and Italy.
In Japan, by contrast, the CLI continues to point to steady growth around the trend.
Similarly, outside the OECD, the CLI shows signs of stability in the Chinese economy, while it continues to point to steady growth for India and a slowdown in growth in the case of Brazil.