OECD composite leading indicators point to continued, though slower, expansion

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11/06/10 -  OECD composite leading indicators (CLIs) for April 2010 point to a slowing pace of expansion in most OECD countries. The CLI for the OECD area increased by 0.4 point in April 2010, slightly lower than the 0.5 point increase in March. April was the ninth consecutive month that the rate of increase has slowed.

Tentative signs of a potential peak have appeared in Brazil with stronger evidence emerging in France, Italy, and especially China. The CLIs for Japan, the United States and Germany continue to indicate that the ongoing expansion in activity is likely to be maintained, but possibly at a slower pace. .

Expansion in the OECD area

Click to access underlying data

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 9 July 2010. 


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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