Composite Leading Indicators: Composite Leading Indicator (CLI) Trend Restored for Canada
CANLOLITOTRSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.58
Year-over-Year Change
0.51%
Date Range
2/1/1961 - 11/1/2023
Summary
The Composite Leading Indicators (CLI) Trend Restored for Canada is an economic indicator that tracks the overall direction of the Canadian economy. It serves as an early signal of turning points in the business cycle, helping policymakers and analysts anticipate future economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CLI Trend Restored for Canada is a composite index that combines various leading economic indicators to provide a holistic view of the Canadian economy. It is designed to predict future economic activity, enabling better-informed decision-making by policymakers, businesses, and investors.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) using a proprietary methodology.
Historical Context
The CLI Trend Restored for Canada is widely used by government agencies, central banks, and private sector analysts to assess the health and trajectory of the Canadian economy.
Key Facts
- The CLI Trend Restored for Canada has been published since 1970.
- It is a composite of 7 leading economic indicators for Canada.
- The index is designed to predict turning points in the business cycle.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators (CLI) Trend Restored for Canada measures a composite of leading economic indicators that predict the overall direction of the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: The CLI Trend Restored for Canada is an important tool for policymakers, businesses, and investors to anticipate future economic conditions and make more informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) using a proprietary methodology.
Q: How is this trend used in economic policy?
A: The CLI Trend Restored for Canada is widely used by government agencies, central banks, and private sector analysts to assess the health and trajectory of the Canadian economy, informing policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The CLI Trend Restored for Canada data is published regularly by the OECD, with potential delays or limitations depending on the availability and timeliness of the underlying component indicators.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Leading Indicator (CLI) Trend Restored for Canada (CANLOLITOTRSTSAM), retrieved from FRED.