OECD sees stable growth in major economies

The Organization for Economic Cooperation and Development (OECD) announced on Monday that indicators point to stable growth of most major economies in coming quarters.

Designed to anticipate turning points in economic activity relative to trend, the composite leading indicators (CLIs) of the OECD area inched up by 0.1 point to 100.5 in November 2014 compared to a month earlier.

OECD estimated stable growth for its 34 member countries as well for the euro zone.

For the seven major economies, CLIs showed stable trend of economic activities as a whole but noted different speeds across the world's main powers.

"Stable growth momentum is anticipated for the United States and Canada."

However, indicators show signs of positive change in momentum in Japan while those of Germany expected slowing trend, according to the OECD data.

After losing 0.1 point in November's CLI, the United Kingdom is set to ease its economic growth while those of China and Brazil projected a stable growth.