Statistics Directorate

Composite Leading Indicators (CLIs), OECD, February 2012

 

OECD area composite leading indicator shows signs of a positive change in momentum

 

Download the entire news release (PDF 115 KB)

 

13/02/2012 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to a positive change in momentum for the OECD as a whole, driven primarily by the United States and Japan, but similar signs are beginning to emerge in a number of other developed economies. The CLIs for India and Russia also show signs of an upward change in growth momentum.
The CLIs for all other major OECD economies, the Euro area and Brazil continue to point to below trend growth. But tentative signs are emerging that the recent deterioration in CLIs is moderating, and the CLIs for seven of the fifteen countries in the Euro area are now pointing towards a positive change in momentum. However, the CLI for China points more strongly to a slowdown this month than in last month's assessment.

Positive change in 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".

For a better interpretation of OECD CLI consult the following document: Interpreting OECD Composite Leading Indicators (CLI).

 

 

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Next publication date: 12March 2012 - see here the 2011 release calendar

 

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Contacts
For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or news.contact@oecd.org;  others should contact the Statistics Directorate on stat.contact@oecd.org.

 
 

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Link to previous news releases

 
 

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More information on leading indicators at www.oecd.org/std/cli
 

 

 

 

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