Composite Leading Indicators: Reference Series (GDP) Trend for G7
G7LORSGPTDSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.44
Year-over-Year Change
1.33%
Date Range
2/1/1960 - 8/1/2023
Summary
The Composite Leading Indicators: Reference Series (GDP) Trend for G7 measures the underlying growth momentum of the economies of the Group of Seven (G7) countries. This key economic indicator provides insight into the future direction of economic activity and is closely watched by policymakers and analysts.
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 Composite Leading Indicators (CLI) index is designed to provide early signals of turning points in economic activity. The Reference Series (GDP) Trend for G7 specifically tracks the GDP-based CLI, offering a reliable gauge of the collective economic health of the world's major advanced economies.
Methodology
This trend is calculated by the Organisation for Economic Co-operation and Development (OECD) based on a range of underlying economic indicators.
Historical Context
The G7 CLI Reference Series Trend is used by central banks, governments, and international organizations to inform economic policy decisions and market analysis.
Key Facts
- The G7 consists of the United States, Canada, United Kingdom, France, Germany, Italy, and Japan.
- The CLI Reference Series Trend leads the actual GDP growth by several months on average.
- Declining CLI trends often precede economic recessions in the G7 countries.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Reference Series (GDP) Trend for G7 measures the underlying growth momentum of the economies of the Group of Seven (G7) countries.
Q: Why is this trend relevant for users or analysts?
A: This key economic indicator provides insight into the future direction of economic activity and is closely watched by policymakers and analysts to inform economic policy decisions and market analysis.
Q: How is this data collected or calculated?
A: This trend is calculated by the Organisation for Economic Co-operation and Development (OECD) based on a range of underlying economic indicators.
Q: How is this trend used in economic policy?
A: The G7 CLI Reference Series Trend is used by central banks, governments, and international organizations to inform economic policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical update delay of around 2 months.
Related Trends
Labour Force Survey - quarterly levels: Harmonised unemployment - monthly levels: Aged 25 and over: All persons for G7
G7LFHUADTTSTQ
Balance of Payments: Goods: Revenue for G7
G7B6CRTD01CXCUQ
Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for G7
G7LREM64TTSTSAQ
Consumer Price Index: Food and non-Alcoholic beverages (COICOP 01): Total: Total for G7
G7CP010000GPM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for G7
G7LRHU24MASTSAM
Balance of Payments: Portfolio Investment: Net (Assets Minus Liabilities) for G7
G7B6FAPI10CXCUQ
Citation
U.S. Federal Reserve, Composite Leading Indicators: Reference Series (GDP) Trend for G7 (G7LORSGPTDSTSAM), retrieved from FRED.