The CLI for the United States increased by 0.8 point in June and its six-month rate of change was up for the sixth month in a row. The Euro area’s CLI increased by 0.1 point in June but its six-month rate of change has a downward trend since June 2006. In June 2007, the CLI for Japan rose by 0.2 point and its six-month rate of change has increased in the last three months.
The CLI for the United Kingdom increased by 0.1 point in June and its six-month rate of change increased strongly for the fourth month in a row. The CLI for Canada increased by 0.4 point in June and its six-month rate of change has shown an upward trend since October 2006. For France, the CLI rose by 0.5 point in June, and its six-month rate of change increased for the fifth month in a row. The CLI for Germany rose by 0.7 point in June and its six-month rate of change has increased for the third month in a row. For Italy the CLI fell by 1.0 point in June while its six-month rate of change has had a downward trend since July 2006.
The CLI for China rose 1.4 points in June 2007 and its six-month rate of change continues to stay above long term growth rate level. The CLI for India increased 1.3 points in May and its six-month rate of change increased for the last three month. The CLI for Russia rose by 1.3 points in June 2007. Its six-month rate of change has also increased for four consecutive months. In June 2007 the CLI for Brazil increased by 2.0 points while its six-month rate of change has risen strongly over the last five months.
