Composite Leading Indicators -- updated March 2002

OECD COMPOSITE LEADING INDICATORS -- January 2002

OECD Composite Leading Indicator increases in January 2002: Improvement for G7 countries

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The Composite Leading Indicator (CLI) for the OECD area increased by 1.1 points in January 2002 to 114.5 from 113.4 in December. At the same time, the six-month rate of change improved for four consecutive months.

The CLI for the United States increased by 2.2 points in January and its six-month rate of change also improved for three consecutive months. The CLI for the Euro area increased by 0.7 point in January. The area's six-month rate of change improved for four consecutive months. The CLI for Japan increased by 0.2 point in January. Japan's six-month rate of change has improved for five consecutive months.

The CLI for the United Kingdom increased by 0.6 point in January and its six-month rate of change improved. The CLI for Canada increased by 2.0 points in January and its six-month rate of change has improved since January 2001. Finally, the CLIs for France and Germany increased in January as did their six-month rates of change.

Tables and charts: the composite leading indicators for OECD Total, G7 countries, Euro area and other area totals.

Methodological Notes

Glossary

CLI data for all the countries and detailed information on the OECD methodology for CLIs can be found on the OECD website at http://www.oecd.org/std/cli

The next publication date of the OECD's CLI will be on 5 April 2002.

For further information, journalists are invited to contact the OECD's Media Relations Division on 00 331 4524 9700 or e-mail news.contact@oecd.org