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Europe — OECD composite leading indicators point to continued expansion

14 April 2010

The latest Composite Leading Indicators (CLI) for February 2010 published by the Organisation for Economic Co-Operation and Development (OECD), point to economic expansion, albeit at a different pace across countries and regions.


The CLI is designed to provide early signals of turning points (peaks and troughs) between expansions and slowdowns of economic activity. CLIs are calculated by combining data that cover a wide range of key short-term economic indicators including observations or opinions about economic activity, housing permits granted, financial and monetary data, labour market statistics, information on production, stocks and orders, foreign trade, etc.

Across the entire OECD area, CLI was up by +0.7 in February 2010 compared to the previous month. Year-on-year it was up by +11.8.

Across the Euro area, CLI was up by +0.5 in February 2010 compared to the previous month. Year-on-year it was up by +12.8.

In Germany, CLI was up by +0.8 in February 2010 compared to the previous month. Year-on-year it was up by +16.8.

In the UK, CLI was up by +0.4 in February 2010 compared to the previous month. Year-on-year it was up by +11.8.
 
In Italy, CLI was up by +0.2 in February 2010 compared to the previous month. Year-on-year it was up by +13.1.
 
In France, CLI was up by +0.1 in February 2010 compared to the previous month. Year-on-year it was up by +10.6.
 
As a comparison, CLI in both the US and Japan was up by +0.9 in February 2010 compared to the previous month.
 
To read the full statistics please click here

 

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