The OECD’s leading indicator for Feb has come in at 92.0 Vs 92.7 in Jan despite tentative signs of improvement for some member countries including France and Italy. It is worth noting that the all time low is not too far away at 91.7 and was recorded between Dec 1974 and Feb 1975. As you can imagine the market is little moved on the news.
The OECD has also said that the outlook for the US, Canada and Japan remain weak.
