OECD: Europe Tilting Toward Recovery

Canada, France, Italy, Germany and the U.K. are showing signs tending “more strongly to recovery” said the Organization for Economic Cooperation and Development, according toThe Wall Street Journal’s Paul Hannon. Europe’s “leading indicators” turned to 101.4 in October from 100.4 in September, OECD said. OECD’s leading indicators have had a good track record of presaging pickups and slowdowns going back to the 1980s, Hannon notes. The U.S.’s leading indicators turned to 99.8 from 98.8.