OECD composite leading indicators (CLIs) in January signalled an improvement in economic activity for the G7 countries although only marginally more so than in the assessment for December.
Indicators for the 30-nation OECD area increased by 0.8 points in January 2010 and was 11.3 points higher than for the same month a year earlier.
The reported increase was spread evenly among CLIs with the United States gaining 11 points year-on-year, the Euro area up 12.5 points and Japan 10.7 points higher.
However, the CLI for China rose by a mere 0.1 point in January compared with the previous month.
The Organisation for Economic Co-operation and Development (OECD) area covers 30 countries including Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Spain, Sweden, Switzerland, Turkey, United Kingdom and United States.