Composite Leading Indicators - Updated November 2002

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OECD Composite Leading Indicator falls in September 2002: Decrease in all G7 countries except Italy

08/11/2002 - The Composite Leading Indicator (CLI) for the OECD area fell by 0.3 point in September 2002 to 115.9 from 116.2 in August. The six-month rate of change has decreased for four consecutive months.

The CLI for the United States fell by 0.9 point in September. Its six-month rate of change has fallen for three consecutive months. The CLI for the Euro area in September remained at the same level as the previous month but its six-month rate of change has fallen for four consecutive months. In September, the CLI for Japan fell by 0.2 point and its six-month rate of change was down.

The CLI for the United Kingdom dropped by 0.4 point in September. Its six-month rate of change has fallen for four consecutive months. The CLI for Canada was down by 0.3 point in September and its six-month rate of change has fallen for five consecutive months. The CLIs for France and Germany have fallen for four consecutive months, as have their six-month rates of change. Finally, both the CLI for Italy, and its six-month rate of change have risen for two consecutive months.

Tables and Graphs

Methodological Notes

Glossary

See CLI data for all the countries and detailed information on the OECD methodology for CLIs

More on CLIs: http://www.oecd.org/std/cli

The next publication date of the OECD's CLI will be on 6 December 2002.

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.