OECD composite leading indicators continue to signal a recovery
Download the entire news release (pdf)
11/12/2009 - OECD composite leading indicators (CLIs) for October 2009 continue to point to a recovery in OECD economies; with the CLIs for Canada, France, Italy, Germany and the United Kingdom pointing more strongly to recovery than in last month's assessment. Financial components (the spread of interest rates, EONIA, EURIBOR, M1) and business confidence are the main drivers to the CLI's performance in these countries. All major non member economies are in a recovery phase (the change in the outlook for China compared to last month's release is mainly due to a downward revision in the "Imports from Asia" component). etc.
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).
The next publication of the OECD's CLI will be on 8 Janvier 2010.
Link to previous news releases
For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or firstname.lastname@example.org; others should contact the Statistics Directorate on email@example.com.
OECD Main Economic Indicators (MEI)