Composite Leading Indicators (CLIs), OECD, March 2012


Composite leading indicator for the OECD continues to signal a positive change in momentum

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12/03/2012 - Composite Leading Indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue pointing to a positive change in momentum in the OECD as a whole.

The United States and Japan continue to drive the overall position but stronger, albeit tentative, signals are beginning to emerge within all other major OECD economies and the Euro area as a whole.

The CLIs for India and Russia are also showing stronger signs of a positive change in growth momentum. However the CLIs for China and Brazil continue to point to below-trend growth.

The OECD Development Centre's Asian Business Cycle Indicators (ABCIs) show weak growth momentum of most ASEAN economies, with some signs of improvements (Read more).

Positive change in 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".

For a better interpretation of OECD CLI consult the following document: Interpreting OECD Composite Leading Indicators (CLI).




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



For further information, journalists are invited to contact the OECD's Media Relations Division on (33) 1 45 24 97 00 or;  others should contact the Statistics Directorate on



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