Eurozone Organization for Economic Co-operation and Development (OECD) Leading Indicator Definition. This indicator, sometimes referred to as the Composite Leading Indicator or CLI, is a monthly index produced by the OECD. It measures overall economic health by combining ten leading indicators including: average weekly hours, new orders, consumer expectations, housing permits, stock prices, and interest rate spreads. It is designed to provide early signals of turning points between expansions and slowdowns of economic activity. The OECD compiles CLIs for 29 member countries, for 6 non-member economies and for 7 country groupings such as the Eurozone. The data are available from the beginning of 1960s for most countries.
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