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Organization for Economic Cooperation and Development (OECD) definitions:
The OECD CLI is designed to provide early signals of turning points (peaks and troughs) between expansions and slowdowns of economic activity. The CLI is an instrument of analysis that has to be used carefully. It provides qualitative information on short-term economic movements rather than quantitative measures. Therefore, the main message of CLI movements over time is the direction up or down rather than levels. The OECD uses the 6-month rate of change of the CLI as a pointer to possible turning points.
The total OECD covers the 30 OECD member countries:
- Australia
- Austria
- Belgium
- Canada
- Czech Republic
- Denmark
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Ireland
- Italy
- Japan
- Korea
- Luxembourg
- Mexico
- Netherlands
- New Zealand
- Norway
- Poland
- Portugal
- Slovak Republic
- Spain
- Sweden
- Switzerland
- Turkey
- United Kingdom
- United States
The G7 area covers:
- Canada
- France
- Germany
- Italy
- Japan
- United Kingdom
- United States
The Euro area covers:
- Austria
- Belgium
- Finland
- France
- Germany
- Greece
- Italy
- Ireland
- Luxembourg
- the Netherlands
- Portugal
- Spain
The EU15 area covers the euro area plus:
- Denmark
- Sweden
- United Kingdom
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