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OECD sees stronger economic recovery signs

Source:www.chinaview.cn       Updated:September 12 01:41

PARIS, Sept. 11 (Xinhua) -- The Organization for Economic Cooperation and Development (OECD) said Friday in a report that most of its member countries have seen stronger signs of economic recovery.

"OECD composite leading indicators (CLIs) for July 2009 show stronger signs of recovery in most of the OECD economies," the organization said in the report.

In the Euro area, the indicator climbed by 1.9 points in July, 1.4 point higher than a year ago.

The indicator for the United States increased by 1.6 point in July 2009, down 4.3 points compared with a year earlier. For Japan, the indicator increased by 1.4 point in July, 6.6 points lower on a year-on-year basis.

"Clear signals of recovery are now visible in all major seven countries in particular in France and Italy as well as in China, India and Russia," it added.

According to the report, the CLI for China increased 1.5 point in July 2009, 0.7 lower than a year ago. The indicator increased by 1.3 point for India, and 1.3 point for Russia.

Editor: Yan