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OECD leading indicators point toward slowdown

The Organization for Economic Co-operation and Development composite leading indicators are designed to predict turning points in economic activity relative to historical trends. The latest data released Sept. 13 indicate "loss of momentum is likely to persist in the coming quarters in most major OECD and non-OECD economies." Leading indicators through July point toward moderating growth for the United States, G-7 nations, and the composite of all OECD nations. Economic slowdown is forecast in the group of Major Five Asia countries, driven by China and India. Among notable individual economies, only Brazil and the U.K. point toward signs of growth picking up going forward.