OECD offers cautious recovery hopes

However, it also sounded a note of caution as it says while the indicators can be useful in highlighting turning points, they are less precise in distinguishing between expansion and recovery. In the OECD area, the composite leading indicator was up by 1.5 points in August, 0.6 points higher than in the same period last year. In the UK, the CLI increased by 1.6 points in August, 1.7 higher than a year ago while across the Atlantic, the US the increase was 1.6 points. Increases were also seen across the Euro area - up 1.7 points, 4.1 points higher than a year ago -, and Japan, whi...