Italy will be as well the only G7 country still in recession, but for the fourth consecutive month it recorded the best increase of superscript forecast calculated fromOECD. In July the Composite leading indicators (Cli) of the whole area rose by 0,08% compared to the previous month, while on an annual basis it grew by 0,88%. The super-index relating to the our country instead it recorded +0,25% on a monthly basis and +1,48% on an annual basis.
After Italy, among the largest increases are those of Britain (+0,19% on month and +1,48% on year), France (+0,11% and -0,16%) and Germany (+0,16% and +1,35%). As for the United States, the super-index recorded +0,09% on the month and +1,15% on the year, while for the Japan we speak respectively of +0,03% and +1,25%.
“The CLI signals improvements in growth among the major OECD economies – reads the Organization's statement –, but stabilizations or slowdowns in the cycle in the large emerging economies”.
In fact, the trends of the indicator on large emerging countries are almost all negative, which, although not part of the OECD area, are monitored given their relevance to the global economy: China -0,03% on month and -0,21% on year, India -0,14% and -1,78%, Brazil -0,19% and -1,03%, Russia +0,14% and -0,45%.
