OECD composite leading indicators point to continued expansion
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12/04/10 - OECD composite leading indicators (CLIs) for February 2010 continue to point to economic expansion, albeit at a different pace across countries and regions. Strongest signs of increasing economic activity were recorded in the United States and Japan, with a rise in CLI of 0.9 point in both countries. At the same time, tentative signals of a slower pace in economic expansion are emerging in China where CLIs remained unchanged in the first two months of 2010. Similar, but weaker, signs of slower growth are also emerging in France and Italy.
Expansion in the United States
Link to 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 10 May 2010.