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

 

CLIs Continue To Increase At A Steady Pace

The OECD Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, continue to point to a steady expansion in the OECD area as a whole.

For all major OECD economies, the CLIs now point to a steady expansion. The CLIs have continued to increase steadily in the United States, Japan, Canada and in the euro area as a whole, including Germany and Italy. Although remaining below trend, the CLIs for the United Kingdom and France now also signal a steady expansion.

Among major emerging economies, the CLIs continue to increase at a steady pace in Russia and China (industrial sector) whereas the pace of expansion of the CLI for India continues to moderate. The CLI for Brazil continues to point to slowing growth.

Despite the gradual lifting of COVID-19 containment measures in some countries and the progress of vaccination campaigns, persisting uncertainties might result in higher than usual fluctuations in the CLI and its components. As such, the CLIs should be interpreted with care and their magnitude should be regarded as an indication of the strength of the signal rather than as a measure of the degree of growth in economic activity.

See the full release and accompanying notes.

See the tables and charts in Excel.

The above graphs show country specific composite leading indicators. Turning points of CLIs (marked by shaded triangles) 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.

© Scoop Media

 
 
 
World Headlines

 


UN News: Landmark G7 Agreement Pledges 870 Million COVID-19 Vaccine Doses, Half By End-2021

A senior UN official welcomed on Sunday, the Group of Seven (G7) leading industrialized nations’ commitment to immediately share at least 870 million doses of COVID-19 vaccines, supporting global access and helping to end the acute phase of the pandemic... More>>



OECD: G20 GDP Returns To Pre-pandemic Level In The First Quarter Of 2021, But With Large Differences Across Countries

Gross domestic product (GDP) of the G20 area returned to pre-pandemic level in the first quarter of 2021, growing by 0.8% compared with the fourth quarter of 2020. However, this figure conceals large differences across countries... More>>

Myanmar: ‘Mass Deaths’ Alert As 100,000 Flee Junta’s Heavy Weapons

In Myanmar, international action is needed urgently to prevent “mass deaths” there, after civilians fled attacks by so-called “junta bombs”, a top independent UN rights expert has warned... More>>


Focus On: UN SDGs

UNFCCC: Halving Emissions By 2030 Is New Normal - Race To Zero Anniversary
Over 4,500 non-state actors from across the global economy have committed to halving emissions by 2030, joining the UN-backed Race to Zero campaign... More>>


UN: Tackling Biodiversity & Climate Crises Together And Their Combined Social Impacts

Unprecedented changes in climate and biodiversity, driven by human activities, have combined and increasingly threaten nature, human lives, livelihoods and well-being around the world... More>>


G7: No Major G7 Stock Index Aligned With Paris Climate Goals

New research by CDP and the United Nations Global Compact on behalf of the Science Based Targets initiative calls on the largest G7 companies to take ambitious climate action... More>>