Composite Leading Indicators (CLIs), OECD, May 2013


Composite leading indicators remain rather well-oriented in most major economies

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14/05/2013 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue to show improvement relative to late 2012 in most major economies.

In the United States, the CLI continues to point to economic growth firming.

In Japan, it indicates that growth should remain above trend.

In the Euro Area as a whole, the CLIs continue to indicate a gain in momentum. In Germany, the CLI shows that growth is returning to trend. In France, the CLI points to growth close to trend rate. As in April, the CLI points to a positive change in momentum in Italy.

The CLIs for the United Kingdom, Canada, Brazil and Russia point to growth close to trend rates. In China, the CLI indicates that growth is returning to trend while for India, it continues to indicate growth below trend.

Growth gaining momentum in the OECD area


Underlying data - Source: OECD Composite Leading Indicators Database

 The methodology used to compile OECD CLIs and reference series trend is described in the following document: "OECD system of Composite Leading Indicators".


Watch also our short video explaining how
the Composite Leading Indicators are compiled




Next publication date: 10 June 2013 - see the release calendar



For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or;  others should contact the Statistics Directorate on



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