Leading indicators and tendency surveys

Composite Leading Indicators (CLIs), OECD, March 2013


Composite leading indicators point to diverging growth rates across major economies

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11/03/2013 - 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 Japan, the CLIs continue to point to economic growth firming.

In the Euro Area as a whole, and in particular Germany, the CLIs point to a pick-up in growth. The CLIs for Italy and France point to no further declines in growth.

The CLI for United Kingdom points to growth close to its long term trend rate but with a slowing momentum. In Canada the CLI continues to point to weak growth.

In China, India and to a lesser degree in Brazil the CLIs point to growth below trend. In Russia however, the CLI points to growth picking up.

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: 10 April 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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