The economic recovery of advanced countries is slowing down, reports the OECD on the basis of the latest data provided by its forecast super-index, the Composite leading indicators (Cli). All the big names drop in May, the only ones to save themselves are the USA which, however, remains unchanged.
Negative sign also for India e China but the most marked drop is that of Italy which falls by 0,6 points compared to the previous month, a similar drop is that of France, while the average of the OECD area is a drop of 0,2 points.
As regards the comparison on an annual basis, for the OECD area the Cli signals a positive value, plus 0,8 points. Italy is last in the class, registering the worst drop among the advanced countries, minus 2,7 points.
For months, the super-index has been signaling a slowdown in recovery which does not only concern advanced countries but also the large emerging economies. "The super index - says the OECD in a statement - signals slowdowns in Canada, France, Germany, Italy, Great Britain, Brazil, China and India"
In the USA, Russia and Japan, again according to the OECD, the current evolution of the super-index is compatible with possible turns in the economic cycle.
The survey by the Parisian body shows that the most marked drops ever were recorded by Brazil and India, which lost 0,7 points compared to the previous month. China and Russia lose 0,4 and 0,1 points respectively. In the analysis of the comparison on an annual basis, the country with the greatest drop is India, minus 4,3 points is the data provided by the super-index.
