World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


CLIs Continue To Indicate A Mixed Picture Across The Major Economies

The OECD Composite leading indicators (CLIs) continue to recover from the COVID-19 crisis lows in most major economies, although the pace of growth varies.

Among large OECD economies, the CLIs for the United States and Japan continue to point to stable growth, which is now also the assessment for the euro area as a whole including Germany, France and Italy. The CLI for Canada is improving steadily, while in the United Kingdom the CLI continues to point to a slowdown.

Among major emerging economies, the CLIs for Brazil and the manufacturing sector of China continue to signal a steady increase while in India and Russia the CLIs continue to point to stable growth.

Although vaccinations have begun, governments’ efforts to contain COVID-19 are ongoing and the rapidly changing nature of such measures mean that indicators used in the CLI compilation may fluctuate. As such, the CLIs should be interpreted with care.

See the full release and the accompanying notes.

See the tables and charts in Excel.

The above graphs show country specific composite leading indicators (CLIs solid line, left axis and the relative month-on-month growth rate, right axis). Turning points of CLIs tend to precede turning points in economic activity relative to trend by six to nine months. The horizontal line at 100 represents the trend of economic activity. Shaded triangles mark confirmed turning-points of the CLI. Blank triangles mark provisional turning-points that may be reversed.

© Scoop Media

World Headlines


UN: As COVID Deaths Pass Two Million Worldwide, Guterres Warns Against Self-Defeating ‘Vaccinationalism'

With more than two million lives now lost worldwide to COVID-19, the UN Secretary-General appealed on Friday for countries to work together and help each other to end the pandemic and save lives. In a video statement , Secretary-General António Guterres ... More>>

Gordon Campbell: On The Washington Riot And The Georgia Results

Hong Kong and Washington DC. On the same morning, the tyrants in power in Beijing and their counterpart in the White House have shown how they refuse to accept the legitimacy of any different points of view, and the prospect of losing power… More>>

UN: Guterres To Seek Second Five-year Term
António Guterres will be seeking a second five-year term as UN Secretary-General, which would begin in January 2022.... More>>

UN Rights Office: Iran Execution Of Child Offender Breaks International Law

The execution of an Iranian man for a crime allegedly committed when he was 16 years old has been condemned by the UN Human Rights Office (OHCHR) and raised concerns over violations of his right to a fair trial. In a statement released on Thursday, ... More>>