OECD composite leading indicators show stable economic signs

PARIS, Jan. 15 (Xinhua) -- The composite leading indicators (CLIs) of the Organization for Economic Cooperation and Development (OECD) showed economic stabilization in members, the Paris-based organization said on Monday.

"Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to the trend six to nine months ahead, continue to point to stable growth momentum in the OECD area as a whole," the bloc said.

CLI for all OECD economies was slightly up at 100.2 points while indicators of the major seven economies pointed to stable growth momentum.

Indicators show signs of easing growth in Britain. However, the euro zone 's composite leading indicators indicated stable growth trend in the single currency bloc.

In the United States, Japan and Canada, the OECD pointed to unchanged growth.

The OECD CLI index aimed at providing early signals of turning points, such as peaks and troughs, between expansion and slowdown of economy approximately six months in advance. Enditem