Leading indicators and tendency surveys

Composite Leading Indicators (CLI), OECD, December 2013


Composite leading indicators point to an improving economic outlook in most major economies 

Download the entire news release (PDF 115 KB)


09/12/2013 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, show signs of an improving economic outlook in most major economies.

The CLIs point to economic growth above trend in Japan,and to growth firming in the United Kingdom. The CLI for Canada indicates a positive change in momentum. In the United States, the CLI points to growth around trend.

In the Euro Area as a whole, in France and in Italy, the CLIs continue to indicate a positive change in momentum. In Germany, the CLI points to growth firming.

In the emerging economies, the CLIs point to growth around trend in Brazil and to a tentative positive change in momentumin China, Russia and India.

Growth around trend 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: 13 January 2014 - see the release calendar



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.



Link to previous news releases



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


Related Documents