Composite Leading Indicators (CLIs), OECD, April 2012


OECD composite leading indicators point to potential turning point in economic activity in the Euro area and regained momentum in other major economies

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10/04/2012 - Composite leading indicators (CLIs) designed to anticipate turning points in economic activity relative to trend, continue to point to a positive change in momentum in the OECD as a whole but with some divergence between major economies.

The CLIs for Japan and the United States continue to show strong signs of regained momentum in economic activity. The CLI for the Euro area indicates a potential turning point but with diverging assessments for the four major European economies. The CLIs for Italy and France point to continued sluggish economic activity. In Germany and the United Kingdom the CLIs continue to show signs of a positive change in momentum but these are weaker than in last month's assessment.

The assessment for Brazil, India, Russia and, in particular China, shows stronger positive signals compared to last month's assessment.

Regained momentum 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".




Next publication date: 10 May 2012 - see here the 2011 release calendar



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