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Eurozone perks up

THE eurozone has displayed tentative signs of improvement, according to the Organisation for Economic Co-operation and Development (OECD).

The OECD's leading indicator rose for the eurozone area during January.

"The US and Japan continue to drive the overall position but stronger, albeit tentative, signals are beginning to emerge within all other major OECD economies and the euro area as a whole," it said.

Brazil and China, however, still showed signs of weakening, said the OECD, which reported a 0.6 point drop for China and 0.2 point drop for Brazil in January.