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Composite Leading Indicators continue to indicate strong slowdown in the OECD area but the pace of the deterioration is easing
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11/05/2009 - OECD composite leading indicators (CLIs) for March 2009 continue to point to a strong slowdown in the OECD. However France, Italy and the United Kingdom are showing tentative signs of, at least, a pause in the economic slowdown. Weak though these signals are, they are present in the majority of the CLI component series for these countries. In other major OECD economies the CLIs continue to point to deterioration in the business cycle, but at a decreasing rate. However, with the exception of China, where signs of a pause have also emerged, major non-OECD economies still face deteriorating conditions. etc.
The methodology used, starting from December 2008, to compile OECD CLIs and reference series trend is described in the document: "OECD system of Composite Leading Indicators". Up to December 2008, the methodology used by the OECD is described in "OECD Composite Leading indicators: a tool for short-term analysis".
The next publication date of the OECD's CLI will be on 8 June 2009.
Contacts
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; others should contact the Statistics Directorate on stat.contact@oecd.org.
Link to previous news releases
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Predicting the Business Cycle: How good are early estimates of OECD Composite Leading Indicators?
