OECD June leading indicator for OECD area rises to 95.7 from 94.5 in June

The economic outlook for the OECD area improved further in June, the composite leading indicator rising to 95.7 from 94.5 in June.

OECD sees stronger signs that the downturn in the U.S., U.K., Germany and Canada has found a trough.

OECD sees stronger signs of recovery in France and Italy and tentative signs of improvement in Japan.

Regarding the leading emerging economies. OECD feels China and India may also have hit the bottom, and there are tentaitive signs that the lowest point before recovery may also have been reached in Brazil and Russia.