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Economic recovery is on track in the worlds biggest industrialised countries but is slowing somewhat in the United States and the eurozone, the Organisation for Economic Co-operation and Development said Friday.
The OECD said its composite leading indicator, which is used to forecast economic trends, rose to 123.2 points in February from a revised 123.0 in January.
The January figure was previously given as 123.3.
The indicator summarises information contained in a number of key short-term indicators known to be linked to gross domestic product and provides early signals of turning points between expansions and slowdowns in economic activity.
The OECD said the February figures point to continued expansion ahead overall.
But it added: "February data signal slightly weakening performance in the United States and the euro area, particularly for Germany."

Copyright Agence France-Presse, 2004

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