Leading Indicators OECD: Leading indicators: CLI: Trend restored for OECD + Major Six NME
ONMLOLITOTRGYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.98
Year-over-Year Change
6.34%
Date Range
1/1/1971 - 11/1/2021
Summary
The Leading Indicators OECD: Leading indicators: CLI: Trend restored for OECD + Major Six NME tracks a composite index used to forecast economic conditions in OECD countries and six major non-member economies.
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 indicator is a leading composite index designed to provide early signals of turning points in economic activity. It is a key measure used by economists and policymakers to anticipate broader economic trends.
Methodology
The data is calculated by the OECD using a variety of economic indicators.
Historical Context
This index is closely monitored by central banks, government agencies, and market analysts to inform policy decisions and investment strategies.
Key Facts
- The index covers 34 OECD countries and 6 major non-member economies.
- It aims to predict turning points in economic activity 6-9 months in advance.
- The index is updated monthly by the OECD.
FAQs
Q: What does this economic trend measure?
A: This index measures a composite of leading economic indicators designed to provide early signals of turning points in economic activity across OECD countries and major non-member economies.
Q: Why is this trend relevant for users or analysts?
A: This index is a key forecasting tool used by economists, policymakers, and market analysts to anticipate broader economic trends and inform decision-making.
Q: How is this data collected or calculated?
A: The data is calculated monthly by the OECD using a variety of economic indicators.
Q: How is this trend used in economic policy?
A: Central banks, government agencies, and other institutions closely monitor this index to help guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The index is updated monthly, with a relatively short delay, making it a timely indicator of economic conditions.
Related Trends
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CSCICP03O9M665S
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Trend for OECD + Major Six NME
ONMLORSGPTDSTSAM
Leading Indicators OECD: Leading indicators: CLI: Amplitude adjusted for OECD + Major Six NME
ONMLOLITOAASTSAM
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Normalised for OECD + Major Six NME
ONMLORSGPNOSTSAM
Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Ratio to trend for OECD + Major Six NME
ONMLORSGPRTSTSAM
Leading Indicators OECD: Leading indicators: CLI: Normalised for OECD + Major Six NME
ONMLOLITONOSTSAM
Citation
U.S. Federal Reserve, Leading Indicators OECD: Leading indicators: CLI: Trend restored for OECD + Major Six NME (ONMLOLITOTRGYSAM), retrieved from FRED.