Leading indicators and tendency surveys

Composite Leading Indicators (CLIs), OECD, February 2013


Composite leading indicators point to diverging growth rates across major economies

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11/02/2013 - Composite leading indicators (CLIs), designed to anticipate turning-points in economic activity relative to trend, show diverging growth patterns in the economic outlook of major economies.

In the United States and the United Kingdom, the CLIs continue to point to economic growth firming but in the United Kingdom the signs are slightly weaker compared to last month's assessment.

In Japan and Brazil, signs of growth picking up are emerging.

In the Euro Area as a whole, and in particular in Italy and Germany, the CLIs point to a stabilisation in growth prospects; however in France growth is expected to remain weak.

In China and India, the CLIs point to growth below trend compared with more positive signals in last month's assessment. In Canada and Russia the CLIs continue to point to growth below trend.

Growth firming 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: 11 March 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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