OECD composite leading indicators continue pointing to expansion
Download the entire news release (PDF 140 KB)
14/03/11 - Composite leading indicators (CLIs) for January 2011, designed to anticipate turning points in economic activity relative to trend, continue pointing to expansion in most OECD countries.
The CLIs for Germany, Japan, and the United States continue pointing to robust expansion relative to trend. Signs of regained growth momentum characterise the CLIs for France and Canada. The CLI for the United Kingdom points to a slow but stable pace of expansion. The CLI for Italy continues pointing to a moderate downturn.
The CLIs for other major economies are little changed from last month's assessment. The CLI for China continues pointing to the possibility of a moderate downturn. The CLI for Brazil remains near its long-term potential. The CLI for India continues pointing to a slowdown relative to trend and the CLI for Russia continues pointing to expansion.
The OECD Development Centre's new Asian Business Cycle Indicators (ABCIs) suggest that ASEAN economies are likely to maintain growth momentum (Read more).
Expansion in the OECD area
Underlying data - Source: Composite Leading Indicators (Main Economic Indicators)
From February 2011 the OECD publishes Composite Leading Indicators for Chile, Estonia, Israel and Slovenia. The methodology used can be downloaded here.
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).