Composite leading indicators for South Africa
Indicator Definition:
The composite leading indicator is a times series, formed by aggregating a variety of component indicators which show a reasonably consistent relationship with a reference series (e.g. industrial production IIP up to March 2012 and since then the reference series is GDP) at turning points. The OECD CLI is designed to provide qualitative information on short-term economic movements, especially at the turning points, rather than quantitative measures. Therefore, the main message of CLI movements over time is the increase or decrease, rather than the amplitude of the changes. The OECD’s headline indicator is the amplitude adjusted CLI. In practice, turning points in the de-trended reference series have been found about 4 to 8 months (on average) after the signals of turning points had been detected in the headline CLI. CLIs are calculated for G20 countries plus Spain and 5 zone aggregates. A country CLI comprises a set of component series selected from a wide range of key short-term economic indicators. Four cyclical phases are defined in the OECD indicators. In the In the expansion, the indicator rises and is also above 100; in the slowdown, the indicator falls but is still above 100; in the recession, it falls and is also below 100; and in the recovery, the indicator rises, but is still below 100.
The indicator "Composite leading indicators" stands at 100.80 as of 10/31/2025, the highest value since 09/30/2022.
Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.9406 percent compared to the value the year prior.
The 1 year change in percent is 0.9406.
The 3 year change in percent is 0.1068.
The 5 year change in percent is 1.76.
The 10 year change in percent is 0.5746.
The Serie's change in percent from it's minimum value, on 04/30/2020, to it's latest available value, on 10/31/2025, is +9.86%.
The Serie's change in percent from it's maximum value, on 12/31/2006, to it's latest available value, on 10/31/2025, is -2.35%.
| Measure | Realization |
| Indicator Name: | Composite leading indicators |
| Indicator Source: | OECD | macro-rankings.com |
| Indicator Description: | The composite leading indicator is a times series, formed by aggregating a variety of component indicators which show a reasonably consistent relationship with a reference series (e.g. industrial production IIP up to March 2012 and since then the reference series is GDP) at turning points. The OECD CLI is designed to provide qualitative information on short-term economic movements, especially at the turning points, rather than quantitative measures. Therefore, the main message of CLI movements over time is the increase or decrease, rather than the amplitude of the changes. The OECD’s headline indicator is the amplitude adjusted CLI. In practice, turning points in the de-trended reference series have been found about 4 to 8 months (on average) after the signals of turning points had been detected in the headline CLI. CLIs are calculated for G20 countries plus Spain and 5 zone aggregates. A country CLI comprises a set of component series selected from a wide range of key short-term economic indicators. Four cyclical phases are defined in the OECD indicators. In the In the expansion, the indicator rises and is also above 100; in the slowdown, the indicator falls but is still above 100; in the recession, it falls and is also below 100; and in the recovery, the indicator rises, but is still below 100. |
| Observations Date: | 01/31/1990 |