June Composite Leading Indicator General Information

The latest Composite Leading Indicator

Tables and Charts: every composite leading indicator for the OECD countries.

Trend restored CLI and Reference series long-term trend in Excel format:

• The trend restored CLI (Excel) worksheet contains the monthly data for every OECD CLIs. Data are presented in their trend restored form. This trend-restoration enables direct comparison with the reference series. From these data, the following measures can be derived: the 1-month percent change, the annualised 6-month rate of change and the twelve-month rate of change at annual rate.
• The reference series long-term trend rate (Excel) worksheet contains the corresponding monthly data . The method of trend estimation adopted by the OECD is a modified version of the phase-average trend (PAT) method developed by the United States NBER.

The methodology used to compile OECD CLIs and reference series trend is described in OECD Composite Leading indicators: a tool for short-term analysis.

Statistical characteristics

The reference series, component series and turning points

------------------------------------------------------------------------------

The data for the trend restored leading indicators are presented in Main Economic Indicators, Part One, Page 19

--------------------------------------------------------------------------------

A composite leading indicator for the Euro zone has been created and has been released monthly since October 1999.

Following the OECD Leading Indicators Meeting in October 1996:
- The composite leading indicators for the G7 countries and Belgium have been revised.
- A composite leading indicator is now published for Mexico.
- The list of components in the composite leading indicator for Norway has been modified.

The composite leading indicators for Spain and Italy have been revised in 2001.