Composite Leading Indicators point to an easing pace of deterioration in some major economies
Download the entire news release (pdf)
08/06/2009 - While is still too early to assess whether it is a temporary or a more durable turning point, OECD composite leading indicators (CLIs) for April 2009 point to a reduced pace of deterioration in most of the OECD economies with stronger signals of a possible trough in Canada, France, Italy and the United Kingdom. The signals remain tentative but they are present in the majority of the CLI component series for these countries. Compared to last month, positive signals are also emerging in Germany, Japan and the United States. However, major non-OECD economies still face deteriorating conditions, with the exception of China and India, where tentative signs of a trough have also emerged. etc.
The methodology used, starting from December 2008, to compile OECD CLIs and reference series trend is described in the document: "OECD system of Composite Leading Indicators". Up to December 2008, the methodology used by the OECD is described in "OECD Composite Leading indicators: a tool for short-term analysis".
The next publication date of the OECD's CLI will be on 10 July 2009.
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 email@example.com; others should contact the Statistics Directorate on firstname.lastname@example.org.
OECD Main Economic Indicators (MEI)