The Organisation for Economic Co-Operation and Development uses its composite leading indicators (CLI) to "indicate turning points in economic activity approximately six months in advance." June data just released shows CLIs going up for most developed economies around the globe. OECD economists now say there are clear signs of troughs in the economies of the US, UK, and the Euro Area. The CLI for the US increased by 1.3 points in June, and now sits 7.2 points lower than June 2008. The CLI for the OECD area "increased by 1.2 point in June 2009 but was 5.0 points lower than in June 2008."
Read the OECD news release here. For additional data, click here.
Posted
08-18-2009 10:22 AM
by
Graham Griffith