Leading economic indicators at or near long-term trends in all major economies
OECD composite leading indicators (CLIs) for December 2009 provide stronger signals of an expansionary economic outlook than last month.
CLIs for the G7 economies as well as China, India, Russia and Brazil, are now all close to, or above, their long-term trends. In all these countries, industrial production – the underlying reference series for the CLIs – has now reached its trough.
The CLI for the OECD area increased by 0.9 point in December 2009 and was 10.1 points higher than in December 2008. The CLI for the United States increased by 0.9 point in December, 9.0 points higher than a year ago. The Euro area’s CLI increased by 0.9 point in December, 12.2 points higher than a year ago. The CLI for Japan increased by 1.2 point in December, 8.1 points higher than a year ago. Full report here.
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