Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for G7
G7LORSGPORGYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.93
Year-over-Year Change
52.55%
Date Range
2/1/1961 - 1/1/2024
Summary
The Composite Leading Indicators (CLI) Reference Series (GDP) for the G7 countries measures the overall economic outlook and future performance. It is a key indicator used by policymakers and economists to assess the business cycle and guide economic decision-making.
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 Reference Series (GDP) aggregates multiple leading economic indicators into a single index that provides an early signal of turning points in the G7 countries' economic activity. It is a widely followed metric that helps predict future GDP growth and informs policy responses.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) based on a standardized methodology across the G7 nations.
Historical Context
Central banks, government agencies, and market analysts closely monitor the CLI Reference Series (GDP) to anticipate economic trends and inform policy decisions.
Key Facts
- The CLI Reference Series (GDP) is a composite of multiple leading economic indicators.
- It provides an early signal of turning points in the business cycle for the G7 economies.
- The G7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators (CLI) Reference Series (GDP) measures the overall economic outlook and future performance of the G7 countries.
Q: Why is this trend relevant for users or analysts?
A: The CLI Reference Series (GDP) is a widely followed metric that helps predict future GDP growth and informs policy responses for central banks, government agencies, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on a standardized methodology across the G7 nations.
Q: How is this trend used in economic policy?
A: Central banks, government agencies, and market analysts closely monitor the CLI Reference Series (GDP) to anticipate economic trends and inform policy decisions.
Q: Are there update delays or limitations?
A: The CLI Reference Series (GDP) data is published monthly with minimal update delays, providing timely insights into the G7 economic outlook.
Related Trends
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National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for G7
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Labour Force Survey - quarterly levels: Harmonised unemployment - monthly levels: Aged 25 and over: Males for G7
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Infra-Annual Labor Statistics: Unemployment Male: From 15 to 64 Years for G7
G7LFUN64MASTQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: 15 Years or over for G7
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Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for G7
G7B6FARA01CXCUQ
Citation
U.S. Federal Reserve, Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for G7 (G7LORSGPORGYSAM), retrieved from FRED.