Leading Indicators OECD: Leading Indicators: CLI: Trend Restored for the Euro Area (19 Countries)
EA19LOLITOTRGYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.49
Year-over-Year Change
-148.47%
Date Range
12/1/1966 - 8/1/2022
Summary
The Leading Indicators OECD: Leading Indicators: CLI: Trend Restored for the Euro Area (19 Countries) is a composite index that measures the short-term economic outlook for the Eurozone. It is a key indicator used by policymakers and analysts to anticipate changes in the business cycle.
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
This leading indicator combines various economic variables to provide an early signal of turning points in economic activity for the 19 countries in the Eurozone. It is designed to identify upturns and downturns in the business cycle several months before they occur, helping inform economic and policy decisions.
Methodology
The data is calculated by the OECD using a standardized methodology across member countries.
Historical Context
This index is closely monitored by central banks, governments, and market participants to assess the broader economic trajectory of the Eurozone.
Key Facts
- The index ranges from 0 to 100, with 100 indicating the strongest growth outlook.
- It has demonstrated a strong track record in anticipating turning points in Eurozone economic activity.
- The indicator is released monthly, providing timely information to policymakers and analysts.
FAQs
Q: What does this economic trend measure?
A: The Leading Indicators OECD: Leading Indicators: CLI: Trend Restored for the Euro Area (19 Countries) is a composite index that provides an early signal of turning points in the business cycle for the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This leading indicator is closely watched by policymakers, central banks, and market participants as it helps anticipate changes in the broader economic trajectory of the Eurozone several months in advance.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using a standardized methodology across member countries.
Q: How is this trend used in economic policy?
A: Central banks, governments, and other institutions use this index to inform their economic and policy decisions by assessing the short-term outlook for the Eurozone economy.
Q: Are there update delays or limitations?
A: The indicator is released monthly, providing timely information to policymakers and analysts, with minimal update delays.
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Citation
U.S. Federal Reserve, Leading Indicators OECD: Leading Indicators: CLI: Trend Restored for the Euro Area (19 Countries) (EA19LOLITOTRGYSAM), retrieved from FRED.