The CLI for the United States fell by 0.7 point in August and its six-month rate of change decreased for the second time after a sequence of increases over the previous six months. The Euro area’s CLI decreased by 0.5 point in August and its six-month rate of change has a downward trend since June 2006.
In August 2007, the CLI for Japan fell by 0.8 point and its six-month rate of change has a downward trend since April 2006.
The CLI for the United Kingdom fell by 0.6 point in August and its six-month rate of change decreased for the second consecutive month. The CLI for Canada decreased by 0.2 point in August and its six-month rate of change decreased for the second month in a row. For France, the CLI fell by 0.7 point in August and its six-month rate of change decreased for the second consecutive month. The CLI for Germany fell by 0.9 point in August and its six-month rate of change decreased for the third month in a row. For Italy the CLI fell by 1.0 point in August while its six-month rate of change has had a downward trend since July 2006.
The CLI for China rose by 3.5 points in August 2007 and its six-month rate of change continues to stay well above long term growth rate level. The CLI for India decreased 0.5 point in July and its six-month rate of change decreased for the first time following increases over the previous three months. The CLI for Russia rose by 0.3 point in August 2007. Its six-month rate of change has also increased for six consecutive months. In August 2007 the CLI for Brazil increased by 0.4 point but its six-month rate of change decreased for the third consecutive month.
