Composite Leading Indicators signal deep slowdown in OECD area and major non-OECD member economies
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12/01/2009 - OECD composite leading indicators (CLIs) for November 2008 point to deep slowdowns in the major seven economies and in major non-OECD member economies, particularly China, India and Russia.
The CLI for the OECD area decreased by 1.3 point in November 2008 and was 7.3 points lower than in November 2007. The CLI for the United States fell by 1.7 point in November and was 8.7 points lower than a year ago. The Euro area's CLI decreased by 1.1 point in November and stood 7.6 points lower than a year ago. In November, the CLI for Japan decreased by 1.6 point, and was 5.5 points lower than a year ago. etc.
The methodology used, starting from December 2008, to compile OECD CLIs and reference series trend is described in the document: "OECD system of Composite Leading Indicators". Up to December 2008, the methodology used by the OECD is described in "OECD Composite Leading indicators: a tool for short-term analysis".
The next publication date of the OECD's CLI will be on 6 February 2009.
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OECD Main Economic Indicators (MEI)