Leading indicators and tendency surveys

Composite Leading Indicators (CLI), OECD, November 2013


Composite leading indicators continue to signal improvements in growth in most major OECD economies 

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12/11/2013 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, signal improvements in growth in most major OECD countries and also possibly in China.

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, the CLI continues to indicate a gain in growth momentum. In Germany, the CLI points to growth firming, whereas the CLI for Italy and for France continue to signal positive changes in momentum.

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

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: 9 December 2013 - 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


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