Composite Leading Indicators - Updated September 2002

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OECD Composite Leading Indicator falls in July 2002: Decrease in all G7 countries except for Japan and UK

06/09/2002 - The Composite Leading Indicator (CLI) for the OECD area fell by 0.3 point in July 2002 to 116.1 from 116.4 in June. The six-month rate of change decreased for two consecutive months.

For the United States, the CLI fell by 0.7 point in July, following a rise in June. Its six-month rate of change also fell in July. The CLI for the Euro area fell by 0.5 point in July and its six-month rate of change decreased for two consecutive months. In July, the CLI for Japan rose by 0.7 point following a fall in June. Its six-month rate of change increased in July.

The CLI for the United Kingdom rose by 0.1 point in July, but its six-month rate of change fell for two consecutive months. The CLI for Canada was down by 0.3 point in July and its six-month rate of change fell for three consecutive months. The CLIs for France and Germany fell in June and July, as did their six-month rates of change. Finally, the CLI for Italy, as well as its six-month rate of change decreased for three 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 4 October 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.