Indicators continue to signal a recovery
The CLIs for Canada, France, Italy, Germany and the United Kingdom pointing more strongly to recovery than in last month‟s assessment.
That is good news, despite being slightly incomprehensible! Financial components (the spread of interest rates, EONIA, EURIBOR, M1) and business confidence are the main drivers to the CLI‟s performance in these countries. The CLI for the United Kingdom increased by 1.3 point in October 2009 and was 8.8 points higher than a year ago.