The OECD area's composite leading indicator dropped to 92.2 in March from 92.4 in the preceding month, a report from the OECD showed Monday.

A reading above 100 indicates an expansion, while a reading below 100 signals a slowdown.

In March, the composite leading indicator among the seven major countries moved down to 91.4 from 91.7 in February. The seven countries include Canada, France, Japan, Germany, Italy, the U.K and the U.S.

However, the composite leading indicator in the Euro area increased to 94.2 from 93.9 in February, while the indicator edged up to 92.2 from 92 for the five major Asian countries of China, India, Indonesia, Japan and Korea.

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