Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Turkiye
LORSGPORTRQ659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.51
Year-over-Year Change
-18.15%
Date Range
1/1/1961 - 7/1/2023
Summary
The Composite Leading Indicators (CLI) Reference Series (GDP) measures economic performance trends in Turkiye. It is a key indicator used by policymakers and analysts to assess the country's overall economic health and outlook.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CLI Reference Series (GDP) is a composite index that tracks leading economic indicators in Turkiye, including production, employment, and consumer confidence. It provides an early signal of turning points in the business cycle, helping to identify emerging economic trends.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) using a standardized methodology across member countries.
Historical Context
The CLI Reference Series (GDP) is widely used by economists, analysts, and policymakers to inform economic policy decisions in Turkiye.
Key Facts
- The CLI Reference Series (GDP) is a leading indicator of economic conditions in Turkiye.
- It is calculated using a weighted average of several economic measures.
- The index is released monthly and used to predict future economic trends.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators (CLI) Reference Series (GDP) measures economic performance trends in Turkiye, providing an early signal of turning points in the business cycle.
Q: Why is this trend relevant for users or analysts?
A: The CLI Reference Series (GDP) is a key indicator used by policymakers and analysts to assess the overall economic health and outlook of Turkiye, helping to inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) using a standardized methodology across member countries.
Q: How is this trend used in economic policy?
A: The CLI Reference Series (GDP) is widely used by economists, analysts, and policymakers in Turkiye to monitor economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The CLI Reference Series (GDP) is released monthly, with minimal update delays, and provides a comprehensive view of economic performance in Turkiye.
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Citation
OECD, Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Turkiye (LORSGPORTRQ659S), retrieved from FRED.