Monthly Leading Indicators, published July 8 by the OECD, «...continue to point to stable growth momentum in the OECD area». Growth should be above trend in advanced economies in the coming months. Better prospects are anticipated for China and India based also on the OECD composite leading indicators for those countries.
Details
http://www.oecd.org/std/leading-indicators/CLI-July14.pdf
The J.P. Morgan Global Manufacturing & Services PMI, published July 3 by Markit Economics, also shows positive signs for the world economy. Signs of improvements are also present for emerging economies in the PMI.
Details
July 3
http://www.markiteconomics.com/Survey/PressRelease.mvc/f4caa5bd611d4a568ab1a28c8f2816a5
July 7
http://www.markiteconomics.com/Survey/PressRelease.mvc/334c78cd9bb8449484028c652203c1c8
In the coming days, the IMF and the Bank of Canada will publish an update of their forecasts for the world economy. Let's see what will be their assessment of the economic outlook for the coming quarters.
