A measure of the economic outlook for the Euro-zone. As one of the most respected international economic research institutions, the Organization for Economic Co-operation and Development (OECD) releases the Leading Indicator for early signals of economic expansion or slowdown. It takes a number of indicators known to precede changes in growth to serve as a short term forecast of Euro-zone developments. The OECD Leading Economic Index focuses less on how much economies change, but rather on the direction they are moving.

The headline value is expressed in monthly index, with 100 as the base point.

Relevance: Rarely affects markets
Release Schedule : 10:00 (GMT); monthly, roughly 45 days after the reporting period
Source of Report : Organisation for Economic Co-operation and Development
Web Address : http://www.oecd.org/home/
Address of Release: http://www.oecd.org/std/cli
AKA: OECD Composite Leading Indicators, OECD Leading Economic Index