Composite Leading Indicators (CLIs), OECD, September 2012


OECD composite leading indicators point to a continued loss of momentum in most major economies

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13/09/2012 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, show that the loss of momentum is likely to persist in the coming quarters in most major OECD and non-OECD economies.

In Italy, China, India and Russia the CLIs continue to point to a slowdown. For the Euro Area, France, and Germany the CLIs point to continued weak growth.

The CLIs for Japan and the United States show signs of moderating growth above trend, while in Canada the CLI continues to point to growth moderating below trend.

The CLIs for the United Kingdom and Brazil tentatively point to a pick-up in growth, but remain below trend.

The OECD Development Centre's Asian Business Cycle Indicators (ABCIs) suggest that ASEAN economies show overall resilience, though some signs of weakening are observed (Read more).

Moderating growth above trend 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: 8 October 2012 - see the release calendar



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