Leading indicators and tendency surveys

Composite Leading Indicators (CLIs), OECD, December 2011


OECD composite leading indicators continue pointing to slowdown in economic activity


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12/12/2011 - Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to a slowdown in economic activity in all major economies, but with some variation in the strength of the slowdown across countries.
The CLIs for Canada, China and the United States continue pointing to slowdowns in economic activity around long term trends but with only marginal declines compared to last month. The CLIs for Japan and Russia point to economic activity above long term trend, with a marginal slowdown for Russia, and a slightly stronger, but still moderate slowdown for Japan. In Brazil, France, Germany, India, Italy, the United Kingdom and the Euro area, as a whole, the CLIs continue pointing strongly to economic activity falling below long term trend.

Slowdown 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: 12 Januray 2012 - see here the 2011 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.



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


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