The economic outlook for the 30-nation Organization for Economic Co-operation and Development (OECD) area improved further in June and there are stronger signs that the downturn in the United States, Britain, Germany and Canada has found a trough, the OECD said last week. The OECD said its composite leading indicator (CLI) for the OECD area rose to 95.7 in June from 94.5 in May. The leading indicator for the US rose to 93.9 from 92.7, its fourth straight monthly increase, while the leading indicator for the euro zone rose to 98.7 from 97.2 and the leading indicator for Japan rose to 89.5 from 89.2.

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