The monthly composite leading indicators from the Organization for Economic Co-operation and Development show a divergence in global growth

  • US growth firming
  • UK firming
  • Japan firming
  • Eurozone growth gathering momentum
  • Germany firming
  • France – positive momentum change
  • Italy- tentative positive momentum change
  • China – momentum easing
  • India – momentum easing

No great surprises but re-iterates the concerns for emerging markets