OECD Composite Leading Indicators (CLIs) - Updated June 2003

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The OECD Composite Leading Indicator rises in April 2003

06/06/2003 - The Composite Leading Indicator (CLI) for the OECD area rose by 0.2 point in April 2003 to 120.2 from a revised 120.0 in March. Its six-month rate of change also rose after showing a downward trend since May 2002.

The CLI for the United States increased by 0.7 point in April following two months of decreases. Its six-month rate of change was also up after three months of decreases. The Euro area's CLI rose by 0.1 point in April but its six-month rate of change has fallen for 11 consecutive months. In April, the CLI for Japan was down by 0.5 point and its six-month rate of change has shown a downward trend from December 2002.

The CLI for the United Kingdom rose in April and its six-month rate of change increased for the second consecutive month after showing a strong downward trend since June 2002. The CLI for Canada was unchanged in April. Its six-month rate of change was also unchanged following a downward trend registered since May 2002. The CLI for France decreased in April and its six-month rate of change has fallen for five consecutive months. The CLI for Germany rose by 0.1 point in April, but its six-month rate of change has fallen for 11 consecutive months. Finally, the CLI for Italy fell in April, as did its six-month rate of change.

Tables and Graphs

Methodological Notes

Go to CLI Data and Methodological Information for CLI data for the 23 countries including trend restored CLIs, annualised 6-month rates of change and reference series long-term rate as well as OECD methodology.

Glossary

More on CLIs: http://www.oecd.org/std/cli

The next publication date of the OECD's CLI will be on 4 July 2003.

For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org.