PARIS - the prospects for growth in the major industrialized countries are competing with activity improved in North America, China and the Russia and moderate in most European countries, March OECD leading indicator showed Monday.
The organization based in Paris for economic cooperation and development (OECD) said its composite indicator for member countries amounted to points 103.2 March of 103.0 in February, well above an average of 100 long term.
The indicator showed "regained momentum in economic activity" in China and the Canada while the United States, the Germany and the Russia were also in the above-trend growth, the OECD said.
The indicator for the countries belonging to the Group of seven rich countries--excluding the Japan - rose to 103.6 in March of Yukon in February. For the euro area, indicator relaxed to 103.1 of 103.2.
The pace of expansion will be "stable", although slow France and Great Britain, in Italy, the Brazil and India were directed to "slowdowns in economic activity from the trend," said the OECD.
No estimates have been provided for the Japan due to exceptional circumstances the country after the country was hit by an earthquake and devastating tsunami in March.
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