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OECD composite leading indicators provide stronger signs of recovery
Download the entire news release (pdf)
09/10/2009 - OECD composite leading indicators (CLIs) for August 2009 continue to point to recovery in all major economies with CLIs for France and Italy pointing to a potential expansion; however these expansion signals should be interpreted with some care as the CLIs are less precise in differentiating between expansion and recovery than in identifying turning points. 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 of the OECD's CLI will be on 6 November 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?
