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OECD: recovery slows down, signs of decline in Italy

The super-index in April stood at parity for the major economies, a generalized decrease in the Eurozone.

OECD: recovery slows down, signs of decline in Italy

The OECD super-index, designed to anticipate turning points in economic activity with respect to trends, indicates a "slight easing of growth drive" in most of the largest economies.

In the Eurozone there was a drop of 0,3% (from 103,1 to 102,8). Italy and France show a greater loss than the euro area, with -0,4% and -0,5% respectively. Germany and Great Britain are stable. The only exception is represented by the United States which maintain the positive sign, +0,1% but down compared to March (+0,2%).

In particular, the composite leading indicator (Cli), highlighted on Italy, in addition to the monthly drop of 0,4 points, a loss on the annual comparison of 2 points. While compared to April 2010, France reports a drop of 1,3 points.

This generalized slowdown has also affected emerging markets bric. It is precisely that of China, the economy with the strongest monthly decline with a -0,6%, similar losses have also involved Russia.

The OECD did not provide data from Japan in its report, in light of the damage caused by the March catastrophe.

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