Release Of OECD Composite Leading Indicators Cancelled For March 2020

Published: Tue 10 Mar 2020 09:07 AM
The release of the OECD Composite leading indicators (CLIs), originally scheduled for 9 March 2020, has been cancelled. The next release will be 8 April 2020.
OECD’s CLIs are designed to anticipate turning points in economic activity. They are constructed using a suite of underlying indicators that are selected on the basis of their forward-looking properties in relation to future movements in the economic cycle. The CLIs have proved to be an effective tool, including during periods of extreme volatility such as the financial crisis, the European debt crisis or the more recent slowdown, precisely because the underlying sub-components have been able to capture and reflect economic agents’ expectations about future movements in the economic cycle (see OECD Statistics Working Papers).
At this time, CLI sub-components for many countries are not yet able to capture the effects of the more widespread Covid-19 outbreak.
Timely as they are, sub-components are not able to capture significant unpredictable changes in the macro-economy nor in expectations that may have occurred in the days and weeks following their collection. In Europe, for example, tendency surveys were collected before the scale of the Covid-19 outbreak in Northern Italy became known. In countries such as China, Japan and Korea, which were all much closer to the epicentre of the outbreak, the effects have already started to appear in CLI sub-components, and so too, in our current assessment for these countries, which is easing growth momentum. However, the rapidity of the outbreak in other countries in recent weeks, has meant that the impact has not yet been reflected in the CLI sub-components for these countries.
The 8 April release of the OECD CLIs will reflect this information.

Next in Business, Science, and Tech

National Backs Businesses With $10k JobStart
By: New Zealand National Party
Government Exempts Some Home Improvements From Costly Consents
By: New Zealand Government
The New Zealand Herald Named Newspaper Of The Year, Website Of The Year At Voyager Media Awards
By: New Zealand Media and Entertainment
ASB Takes The Lead Again With New Low Home Loan Interest Rate
By: ASB Bank
The Problems With Testing And Case Statistics For Covid-19
By: Nathan Hoturoa Gray
Fletcher Building to lay off 1000 staff in New Zealand
Driving prompt payments to small businesses
By: New Zealand Government
On Why We Should Legally Protect The Right To Work From Home
By: Gordon Campbell
Thousands Of Kiwis Travelling For Queen’s Birthday Weekend
By: Auckland Airport
Understanding 5G Concerns – Expert Q&A;
By: Science Media Centre
Record Monthly Surplus As Imports Dive
By: Statistics New Zealand
Bar reopening night 'much, much quieter'
New Zealand’s population passes 5 million
By: Statistics New Zealand
Seven Weeks Of Clearing The Air Provides Huge Benefits: Scientist
Milestone In Cash Flow Support To SMEs
By: New Zealand Government
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media