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The composite leading indicator of OECD increased to 110.1 last May from 109.6 revision last April.
The figures on April were 109.9.
There will be a continuously moderate growth on the CLI data points for the advanced economy for the period ahead.
According to OECD the outlined formation contains number of short term key indicators known to have connection on GDP and thus providing the early signals in turning points for expansions and slowdown for the activities of economy.
These turning points of the 6-month rate change in CLI comparing the recent month’s figure of CLI had an average in the previous 12 months.
This change in the 6 months shows a yearly increase of 2.6% last May comparing to the rise of 2% last April. This will be an upward trend for the increasing 6-month rates.
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Posted on Jul-06-2007
