FXstreet.com (Barcelona) - The OECD leading indicator confirms a slowdown in the economic development of seven most industrialized countries, while China and Brazil post strong growth.

According to the Organization for Economic Cooperation and Development, its leading indicator of economic activity declined for the third consecutive time in September, to 99.5 from 100.2 in August, while the yearly index dropped 1.5 points.

The Euro Zone figure posted its fourth consecutive decline to 98.3 in September from 98.9 in August; on the year, the Euro Zone reading declined 1.8 points. The US index fell to 101.5 from 102.2 in August, although the year-on-year index edged up 0.1 points.

China, Canada and Brazil posted the largest year-on-year increases.