OECD Introduces New Short-Term Economic Indicators Dashboard
The Organization for Economic Cooperation and Development (OECD) in January 2023 announced changes to its forward-looking economic indicators known as the “Composite Leading Indicators” (CLI) and at the same time introduced a new Short-Term Indicators Dashboard that includes the CLI and many more measures of economic activities.
The CLI as of now will be available for a reduced set of countries only: G20 countries (minus Argentina, Saudi Arabia, and the European Union) plus Spain.
The new Dashboard will be updated twice a month. It is broken down into five categories:
- International Environment (the global business environment, including commodity prices and international trade, and measures of global uncertainty);
- Real Economy (economic growth, manufacturing production and retail sales);
- Confidence Indicators (leading indicators of economic activity);
- Prices and labor markets;
- Monetary, Fiscal and Financial (information on monetary and fiscal stances, movements in financial markets).
Overall, the dashboard displays twenty-four short-term indicators. This includes monthly and quarterly data, covering up to 60 years or more for some indicators. Country-specific indicators are presented for G20 countries excluding Argentina, Russian Federation and Saudi Arabia, and plus Spain. Regional aggregates for G7, G20, the euro area and the European Union are available.
It can be accessed through the following link: OECD Short-Term Indicators Dashboard – OECD, and you are encouraged to try it!
A user guide is available as a PDF here: https://www.oecd.org/sdd/leading-indicators/OECD-Short-Term-Indicators-Dashboard-User-Guide.pdf