OECD composite leading indicators point to slowdown in pace of expansion
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10/05/10 - OECD composite leading indicators (CLIs) for March 2010 point to a slowdown in the pace of economic activity. In most OECD countries signs of slowing growth are tentative, but stronger signals have appeared in France and Italy, and some evidence of a potential halt in expansion is emerging in China and Brazil.
The CLI for the OECD area increased by 0.6 point in March 2010. The CLIs for the United States and Japan increased by 0.8 and 0.9 point respectively, while the Euro area leading indicator increased by 0.5 point.
Expansion in the OECD area
Underlying data - Source: Composite Leading Indicators (Main Economic Indicators)
In February 2010, the OECD reviewed the CLI for 8 countries (Brazil, China, Indonesia, Ireland, Korea, the Slovak Republic, Switzerland, the Russian Federation). In doing so, some component series have been dropped or replaced. As a consequence, chronology of turning points of the CLIs as well as component series have been revised. Download further details on the change (PDF).
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).
The next publication of the OECD's CLI will be on 11 June 2010.
Link to previous news releases
For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or firstname.lastname@example.org; others should contact the Statistics Directorate on email@example.com.
OECD Main Economic Indicators (MEI)