A phase shift for the OECD leading indicators?

“In the short-term we are not facing a severe decline in the so-called Composite Leading Indicator (CLI), which measures the future state of the economy, and in my opinion an imminent phase shift will be relatively short-lived – if it ever comes.”

“We have not yet received fresh figures from the OECD for May but when we look at other leading indicators from the different countries - and particularly the US - there is no indication that we are already heading into a 'deceleration phase' where the CLI is high and decreasing.”

Read the Macroeconimic Review by Chief Strategiest David Bakkegaard Karsbøl - click here