Composite Leading Indicators (CLIs), OECD, July 2013


Composite leading indicators point to diverging growth patterns in major economies

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08/07/2013 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to diverging patterns across major economies. The CLIs point to moderate improvements in growth in most major OECD economies but in large emerging economies the CLIs point towards stabilising or slowing momentum.

The CLIs for the United States and Japan continue to point to economic growth firming.

In the Euro Area as a whole, the CLI continues to indicate a gain in growth momentum. In Germany, the CLI points to growth returning to trend. The CLI for Italy continues to point to a positive change in momentum while the CLI for France points to relatively stable momentum.

The CLIs for the United Kingdom, Canada and China point to growth close to trend rates and the CLI for India points to a tentative upward change in momentum. On the other hand, the CLIs for Russia and Brazil point to slowing momentum.

The OECD Development Centre's Asian Business Cycle Indicators (ABCIs) suggest that the ASEAN’s growth momentum remains resilient overall (Read more).

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: 8 August 2013 - see the release calendar



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