Composite Leading Indicators -- updated April 2002

OECD COMPOSITE LEADING INDICATORS - February 2002

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OECD Composite Leading Indicator increases in February 2002: Improvement for G7 countries except Japan and Germany

The Composite Leading Indicator (CLI) for the OECD area increased by 0.9 point in February 2002 to 115.3 from 114.4 in January. At the same time, the six-month rate of change improved for the fifth consecutive month.

The CLI for the United States increased by 1.9 points in February and its six-month rate of change has now improved for four consecutive months. The CLI for the Euro area increased by 0.5 point in February. The area's six-month rate of change improved for five consecutive months. The CLI for Japan decreased by 0.3 point in February and its six-month rate of change deteriorated for the first time in 6 months.

The CLI for the United Kingdom increased by 1.5 points in February and its six-month rate of change improved for three consecutive months. The CLI for Canada increased by 0.6 point in February and its six-month rate of change has improved since February 2001. The CLI for Germany decreased by 0.1 point in February but its six-month rate of change improved. Finally, the CLIs for France and Italy increased in February, as did their six-month rates of change.

Tables and charts: the composite leading indicator for OECD Total, G7 countries, Euro 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 7 May 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