OECD Indicators: Expansion Continues
Feb 15, 2011
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Composite leading indicators (CLIs) for December 2010 continue to point to expansion in most major OECD countries. The report released yesterday by the OECD showed the CLIs for Germany, Japan, and the United States pointing to relatively robust expansion relative to trend, while in Canada, France, and the United Kingdom the CLIs point to continued moderate expansion. Signs of a downturn emerged in Italy.

CLIs are designed to anticipate turning points in economic activity relative to trend.

New data for China point to a downturn, reversing the tentative signs of regained growth momentum reported a month ago. Three of its seven components pointing upward led the OECD to characterize the China outlook as "volatile."

The CLI for India points to a slowdown. In Russia, the CLI continues to point to expansion. Brazil is expected to continue to perform close to its long-term trend.

OECD (Organisation for Economic Co-operation and Development) composite leading indicators (CLIs) are designed to anticipate turning points in economic activity. OECD designations:

OECD-Total covers these 29 countries:
• Australia
• Austria
• Belgium
• Canada
• Czech Republic
• Denmark
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Japan
• Korea
• Luxembourg
• Mexico
• Netherlands
• New Zealand
• Norway
• Poland
• Portugal
• Slovak Republic
• Spain
• Sweden
• Switzerland
• Turkey
• United Kingdom
• United States

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