OECD Standardised BCI, Amplitude adjusted (Long term average=100), sa
<< OECD.Stat
Open all groups and itemsClose all groups and itemsVersion françaiseSend link via emailPrintOpen in stand alone windowClose this window
Click to expand Population & Scope
Click to collapse Population & Scope
Click to expand Sector coverage
Click to collapse Sector coverage

OECD Indicator

The standardised BCIs represent only the manufacturing sector. Other sectors (construction, retail trade and other services) were not included since data availability is scarce among Non European Union OECD member countries and in the Big 6 OECD Non-member Economies. In order of preference the following types of business survey data have been used to calculate the standardised indicators by country: the harmonized industrial confidence indicator, business confidence indicators (either using the national definition or by computing it internally) or business situation.
Click to expand Concepts & Classifications
Click to collapse Concepts & Classifications
OECD Standardised BCI, Amplitude adjusted (Long term average=100), saSector coverage
<br />OECD Indicator
The standardised BCIs represent only the manufacturing sector. Other sectors (construction, retail trade and other services) were not included since data availability is scarce among Non European Union OECD member countries and in the Big 6 OECD Non-member Economies. In order of preference the following types of business survey data have been used to calculate the standardised indicators by country: the harmonized industrial confidence indicator, business confidence indicators (either using the national definition or by computing it internally) or business situation.
Key statistical concept
<br />OECD Indicator

Starting from June 2010, smoothing, normalisation and zone aggregation methods have changed as follow:

1. The series are now smoothed using the Hodrick-Prescott (HP) filter, where cycles shorter than 6 months are removed (l=1).

2. The series are normalised by subtracting their mean and then dividing the difference by their standard deviation. After normalisation, they are amplitude-adjusted to the de-trended indices of GDP, used as proxy measures of the business cycle, and finally centred around 100.

3. The BCI are calculated as annually chain-linked Laspeyres indices using as weights annual GDP at current prices adjusted for PPPs. More information on this calculation can be found in the OECD Composite Leading Indicator zone aggregation documentation; for weights, please click here. BCI zones are calculated if the overall weight of the available components is greater than 70%.