OECD says signs of slowing momentum in Italian economy

Superindex report finds positive signs changing

(ANSA) - Paris, September 8 - After months of positive economic signals, the Italian economy in July began showing "tentative signs of a loss of momentum in growth," the Paris-based Organization for Economic Cooperation and Development said Monday. In the latest report on its so-called 'superindex' of economic measures, the agency said that indicators from some countries, including France and eurozone overall, were stable but Italy and Germany both showed signs of a "slowdown".

Italy's statistical agency has reported that the economy returned to recession in the period between April and June. Globally, the OECD said that the world's largest economies have shown little change in recent months, suggesting international growth in 2014 will remain at current rates.