Composite leading indicators (CLIs) for August 2011 continue to point to a slowdown in economic activity in most OECD countries and major non-member economies. The CLI for the OECD area fell 0.5 point in August, the fifth consecutive monthly decline.
The CLIs for the United States, Germany, and Russia point more strongly to a slowdown than in last month’s assessment, but are still above 100, indicating that economic activity remains above its long-term trend. For all other major economies except Japan the CLIs are now below 100 and pointing strongly to a slowdown in economic activity below long term trend.
The CLI for Japan continues to indicate a potential turning-point in economic activity, but there are no strong signs of a slowdown.
The OECD Development Centre's Asian Business Cycle Indicators (ABCIs) show signs of moderation in ASEAN economies
OECD (Organisation for Economic Co-operation and Development) composite leading indicators (CLIs) are designed to anticipate turning points in economic activity.
The OECD currently has 34 member countries:
• Czech Republic
• New Zealand
• Slovak Republic
• United Kingdom
• United States
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