Composite Leading Indicators (CLI), OECD, July 2015


Composite leading indicators continue to point to growth convergence in most major economies 

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08/07/2015 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue to point to growth convergence across most major economies and within the OECD.

The CLIs continue to point to firming growth in the Euro area1, including France and Italy, and to stable growth momentum in Germany, Japan and India.

On the other hand, the CLIs point to easing growth in the United States, Canada, China as well as the United Kingdom, albeit from relatively high levels.

The CLI for Russia shows tentative signs of a positive change in growth momentum while in Brazil the CLI continues to point to a loss in growth momentum.

Stable growth momentum in the OECD area


Access data:

Composite Leading Indicators database


Tables and graphs (PDF)  of CLI and reference series for 33 OECD member countries and 6 major non-member economies.


1. CLI estimates are based on statistical information up to Friday 3rd July; they do not take into account subsequent developments in the Euro area.


 Do you need help with our data? Please consult:

Methodological information
Glossary for Composite Leading Indicators and Business Tendency Surveys
OECD Business Cycle Analisys Database 


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the Composite Leading Indicators are compiled



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