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Daily News

OECD Indicators Still Point to Economic Slowdown
Nov 17, 2011
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Composite leading indicators (CLIs) for September 2011 continue to point to a slowdown in economic activity in most OECD countries and major non-member economies.

Compared to the month of August assessment, indicators point more strongly to slowdowns in all major economies.

CLIs point to slowdowns in growth towards long term trends in:
• Japan
• Russia
• United States.

CLIs point to economic activity falling below long term trend in:
• Canada
• France
• Germany
• Italy
• United Kingdom
• Brazil
• China
• India
• Euro area

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:
• Australia
• Austria
• Belgium
• Canada
• Chile
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Iceland
• Ireland
• Israel
• Italy
• Japan
• Korea
• Luxembourg
• Mexico
• Netherlands
• New Zealand
• Norway
• Poland
• Portugal
• Slovak Republic
• Slovenia
• Spain
• Sweden
• Switzerland
• Turkey
• United Kingdom
• United States

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