Statistics Directorate

Composite Leading Indicators (CLIs), OECD, February 2012


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


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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).




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



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