OECD Composite Leading Indicators -- updated December 2001

OECD COMPOSITE LEADING INDICATORS - October 2001

OECD CLI falls again in October: Deterioration in G7 countries except in Japan, Canada and France.

The Composite Leading Indicator (CLI) for the OECD area fell 0.8 of a point in October to 110.6 from 111.4 in September. At the same time the six-month rate of change has deteriorated for three consecutive months.

The CLI for the United States decreased by 1.6 points in October 2001. The US six-month rate of change has fallen for four consecutive months. The CLI for the Euro area decreased by 0.8 of a point in October. The area's six-month rate of change has deteriorated for three consecutive months. The CLI for Japan increased by 0.2 of a point in October. The six-month rate of change for that country improved for the first time since November 2000.

The CLI for the United Kingdom decreased by 0.6 of a point in October and its six-month rate of change has deteriorated for the past four months. The CLI for Canada increased by 0.2 of a point and its six-month rate of change improved in October. Finally, CLIs for France, Germany and Italy decreased in October while France's six-month rate of change improved.

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 11 January 2002.

Please visit the OECD Statistics Portal for more statistics.

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.