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104
104
102
102
100
100
98
98
96
96
94
94
92
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
92
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
104
104
102
102
100
100
98
98
96
96
94
94
92
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
92
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
The above graphs show country specific composite leading indicators (CLIs). Turning points of CLIs tend to precede turning points in
economic activity relative to long-term trend by approximately six months. The horizontal line at 100 represents the long-term trend of
economic activity. Shaded triangles mark confirmed turning-points of the CLI. Blank triangles mark provisional turning-points that may be
reversed.
Methodological Notes:
The CLI methodological notes are available at: www.oecd.org/std/leadingindicatorsandtendencysurveys/44728410.pdf
Access data:
CLI data is available at: http://stats.oecd.org/wbos/default.aspx?datasetcode=MEI_CLI
Contacts:
For further information journalists are invited to contact the OECD's Media Relations Division on
(33) 1 45 24 97 00 or e-mail news.contact@oecd.org.
For technical questions contact stat.contact@oecd.org
Next release: 12 November 2012
104
104
102
102
100
100
98
98
96
96
94
94
92
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
92
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
104
104
102
102
100
100
98
98
96
96
94
94
92
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
92
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
104
106
102
104
102
100
100
98
98
96
96
94
94
92
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
92
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
104
104
102
102
100
100
98
98
96
96
94
94
92
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
92
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Year on
Year
change
(%)
(%)
2012
Apr
May
Jun
Jul
Aug
Apr
May
Jun
Jul
Aug
Latest
month
OECD Area
100.4
100.3
100.2
100.2
100.1
-0.02
-0.05
-0.08
-0.08
-0.07
-0.12
moderating growth
Euro Area
99.7
99.7
99.6
99.5
99.4
-0.05
-0.08
-0.09
-0.10
-0.10
-1.18
weakening growth
99.6
99.4
99.3
99.3
99.2
-0.15
-0.13
-0.10
-0.08
-0.06
-0.93
weak growth
Major Seven
100.5
100.4
100.3
100.2
100.1
-0.03
-0.08
-0.10
-0.10
-0.08
-0.14
moderating growth
Canada
99.8
99.7
99.6
99.6
99.6
-0.02
-0.06
-0.07
-0.06
-0.03
-0.45
weak growth
France
99.8
99.7
99.6
99.6
99.5
-0.05
-0.05
-0.06
-0.08
-0.10
-1.09
weakening growth
Japan
100.8
100.7
100.5
100.4
100.3
-0.05
-0.11
-0.14
-0.15
-0.14
-0.09
moderating growth
Germany
99.8
99.6
99.4
99.1
98.9
-0.07
-0.15
-0.22
-0.26
-0.25
-1.84
weakening growth
Italy
99.2
99.0
98.9
98.9
98.8
-0.19
-0.16
-0.11
-0.07
-0.04
-2.23
weakening growth
United Kingdom
99.7
99.8
99.9
100.0
100.1
0.08
0.08
0.10
0.13
0.13
0.01
growth picking up
United States
100.9
100.8
100.7
100.6
100.5
-0.01
-0.08
-0.11
-0.10
-0.06
0.59
moderating growth
Brazil
98.8
98.9
99.1
99.3
99.5
0.18
0.13
0.15
0.18
0.19
0.59
growth picking up
China
99.6
99.4
99.4
99.4
99.4
-0.17
-0.12
-0.05
0.00
0.01
-1.23
stabilizing growth
India
98.3
98.1
97.8
97.6
97.5
-0.26
-0.26
-0.24
-0.21
-0.16
-1.50
weak growth
Russia
101.1
100.3
99.6
99.1
98.8
-0.60
-0.73
-0.69
-0.51
-0.30
-3.04
weak growth