Growth momentum stable in major economies - OECD

PARIS (Reuters) - Economic momentum is holding stable in major industrialised economies while growth has settled at a lower rate in Britain after its vote in June to quit the European Union, the OECD's monthly leading indicators showed on Monday. The Paris-based Organisation for Economic Cooperation and Development said its leading indicator for its 34 member countries was unchanged in August at 99.7, where it has stood since March. That compares with a long-term average represented by 100. The indicator for Britain ticked up to 99.5 from 99.3 in July in a reading the OECD said was consistent with "growth stabilising around a lower rate". MAIN FIGURES Apr May Jun Jul Aug OECD Area 99.7 99.7 99.7 99.7 99.7 Euro Area 100.3 100.3 100.3 100.3 100.3 Major Five Asia* 99.3 99.4 99.5 99.6 99.7 Major Seven 99.5 99.5 99.5 99.5 99.5 Canada 99.5 99.6 99.7 99.8 99.8 France 100.5 100.5 100.4 100.4 100.4 Japan 99.7 99.7 99.7 99.6 99.7 Germany 99.8 99.8 99.8 99.9 99.9 Italy 100.7 100.6 100.5 100.4 100.4 United Kingdom 99.3 99.2 99.3 99.3 99.5 United States 99.2 99.1 99.1 99.1 99.0 Brazil 98.7 99.3 99.8 100.3 100.7 China 98.7 98.7 98.8 98.9 98.9 India 100.1 100.3 100.5 100.6 100.8 Russia 99.0 99.3 99.6 99.8 100.0 * China, India, Indonesia, Japan and Korea (Reporting by Leigh Thomas Editing by Jeremy Gaunt)