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| French
Equivalent: Indicateurs composites avancés (ICA) |
| Definition: |
A composite leading indicator (CLI) is an aggregate time series displaying a reasonably consistent leading relationship with the reference series for the macroeconomic cycle in a country.
Thus, CLI can be used to give an early indication of turning points in the reference series but not for quantitative forecasts.
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| Context: |
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CLI is constructed by aggregating together component series selected according to the criteria specified in component series. However, It is important to emphasise that component series are not selected according to a strict quantitative criteria based on the cross-correlation with the reference series.
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| Source
Publication: |
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OECD, n.d. OECD Glossary for OECD Composite Leading Indicators, website.
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| Statistical
Theme: Short-term economic statistics |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Friday, April 12, 2013 |
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