Growth in the OECD area as a whole gives signs of a slowdown, but Italy and the Eurozone are the exceptions overall with a stable performance. This is what emerges from the OECD super-index of January.
the area of the 34 most industrialized countries, the indicator that anticipates signs of a turnaround in economic activity compared to the trend in January dropped to 99,6 (against the long-term average of 100) from 99,7 in December. The euro area is positioned at 100,5 from 100,6 and Italy scores 101 (as in the previous month), the highest score among the individual countries taken into consideration.
Signs of weakening growth emerge for Great Britain (99,1 in January from 99,2 in December), the USA (98,9 from 99), Canada and Japan (99,5 from 99,6), but also for Germany (99,8 from 99,9). France, on the other hand, is stabilising (100,9). Among the non-OECD, India stabilizes (100,1), unchanged outlook for China which is moving towards a stabilization of growth (97,6). Brazil (97,7 from 97,8) and Russia (98 from 98,4) continue to lose momentum. For the five main Asian countries the super-index drops to 98,6 from 98,7 and for the G7 to 99,4 from 99,5.
