PARIS, June 10 (AFP): Emerging economies China, Russia and Brazil are showing signs of slowing down but advanced economies are growing steadily, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday.
The findings of these so-called leading indicators is in line with a general picture that emerging economies have lost some of the driving steam which helped the world through a recent downturn in advanced economies.
Among advanced countries, the United States and Canada are showing stable growth momentum, the 18-member eurozone as a whole including Italy is improving, and non-euro Britain is steadying at unusually strong growth rates.
The OECD published the monthly data shortly after the British statistics office reported that industrial output expanded 0.4 per cent in April from the March level when it gained 0.1 per cent, and over 12 months showed a jump of 3.0 per cent.
That was far ahead of analysts' expectation of a 12-month rise of 2.8 per cent.
At Berenberg bank, chief UK economist Rob Wood commented: "Today brought yet more good news on the strength of the UK recovery, with manufacturing output rising solidly for the fifth consecutive month.
"The UK economy is increasingly firing on all cylinders, setting up the second quarter for another strong growth reading."
Meanwhile, the OECD said that for Germany and France, the signs were that these two economies were growing steadily.
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