Composite Leading Indicators (CLIs), OECD, September 2011


OECD composite leading indicators signal widespread slowdown in economic activity

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12/09/2011 - Composite leading indicators (CLIs) for July 2011, designed to anticipate turning points in economic activity relative to trend, continue to point to a slowdown in economic activity in most OECD countries and major non-member economies. The CLI for the OECD area fell 0.5 point in July; the fourth consecutive monthly decline.
Compared to last month’s assessment, the CLIs for Canada, France, Germany, Italy, the United Kingdom, Brazil, China and India are pointing more strongly to a slowdown in economic activity.  The CLIs for the United States and Russia are now also pointing more clearly to a slowdown in economic activity than in last month’s assessment.
The outlook for Japan continues to indicate a potential turning-point in economic activity.

Slowdown in the OECD area

Underlying data

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".

For a better interpretation of OECD CLI consult the following document: Interpreting OECD Composite Leading Indicators (CLI).




Next publication date: 10 October 2011 - see here the 2011 release calendar



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