OECD – What is the Eurozone Organization for Economic Co-operation and Development (OECD) Leading Indicator?

What is the Eurozone Organization for Economic Co-operation and Development (OECD) Leading Indicator?

Definition of Co-operation and Development (OECD) Leading Indicator: This Leading Indicator is also referred as Composite Leading Indicator. It is defined as an index created by the OECD. This indicator measures economic health by joining ten popular indicators that include, average weekly hours, and new orders, housing permits, stocks costs, and expectations of the consumer and spreads of the interest rate. This indicator is made to offer initial signals for turning the points among the expansions and also for slowing down the economy. The OECD consists of CLI for nearly 29 member countries, 6 non associate economies and 7 country groupings like the Eurozone.