Eurozone Organization for Economic Co-operation and Development (OECD) Leading Indicator
The Eurozone Organization for Economic Co-operation and Development (OECD) Leading Indicator is a composite index of economic activity that is used to predict future economic performance. It is composed of a variety of economic indicators, such as consumer confidence, industrial production, and unemployment, and is used to gauge the overall health of the Eurozone economy. The OECD Leading Indicator is released on a monthly basis and is closely watched by economists and investors alike.
History of the OECD Leading Indicator
The OECD Leading Indicator was first developed in the late 1970s by the Organisation for Economic Co-operation and Development (OECD). The indicator was designed to provide an early warning of potential economic downturns and to help policymakers make informed decisions. Since its inception, the indicator has been used to track the performance of the Eurozone economy and to provide an indication of future economic activity.
The OECD Leading Indicator is composed of a variety of economic indicators, including consumer confidence, industrial production, and unemployment. The indicator is released on a monthly basis and is closely watched by economists and investors alike. The indicator is used to gauge the overall health of the Eurozone economy and to provide an indication of future economic activity.
Table of Comparisons
| Indicator | Value |
|---|---|
| Consumer Confidence | 0.7 |
| Industrial Production | 1.2 |
| Unemployment | 7.3% |
Summary
The OECD Leading Indicator is a composite index of economic activity that is used to predict future economic performance. It is composed of a variety of economic indicators, such as consumer confidence, industrial production, and unemployment, and is used to gauge the overall health of the Eurozone economy. The indicator is released on a monthly basis and is closely watched by economists and investors alike. For more information about the OECD Leading Indicator, please visit the OECD website.
See Also
- Gross Domestic Product (GDP)
- Consumer Price Index (CPI)
- Balance of Payments (BOP)
- Employment Rate
- Inflation Rate
- Interest Rate
- Exchange Rate
- Money Supply
- Business Cycle
- Economic Growth
