Composite Leading Indicators: Composite Leading Indicator (CLI) Normalized for Canada
CANLOLITONOSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.35
Year-over-Year Change
-0.25%
Date Range
1/1/1956 - 1/1/2024
Summary
The Composite Leading Indicator (CLI) Normalized for Canada is an economic metric that tracks the overall direction of the Canadian economy. It is a leading indicator, meaning it signals future economic conditions.
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 Normalized for Canada is a weighted composite index of several key economic indicators that tend to change direction before the overall economy. It is used by policymakers and analysts to anticipate broader economic trends and inform decision-making.
Methodology
The data is calculated by the Organisation for Economic Co-operation and Development (OECD) based on a proprietary methodology.
Historical Context
The CLI is closely monitored by the Bank of Canada and other institutions to assess the state of the Canadian economy.
Key Facts
- The CLI Normalized for Canada has a base year of 2015.
- It covers a wide range of economic sectors, including manufacturing, construction, and consumer confidence.
- The CLI is published monthly by the OECD.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicator (CLI) Normalized for Canada measures the overall direction and momentum of the Canadian economy.
Q: Why is this trend relevant for users or analysts?
A: The CLI is a valuable tool for policymakers and analysts to anticipate changes in the Canadian economy and inform decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using a proprietary methodology.
Q: How is this trend used in economic policy?
A: The CLI is closely monitored by the Bank of Canada and other institutions to assess the state of the Canadian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The CLI is published monthly, and there may be some delay in the data release.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Leading Indicator (CLI) Normalized for Canada (CANLOLITONOSTSAM), retrieved from FRED.