Recession of 2009/Addendum

Leading Indicators

per cent - long-term average = 100
Growth cycle phases of the CLI are defined as follows: expansion (increase above 100), downturn (decrease above 100), slowdown (decrease below100), recovery (increase below 100).

	Japan	Italy	France	Germany	United States	United Kingdom	China	Russia
October 2008	96.3	96.6	97.0	94.9	95.7	97.2	95.1	96.4
November 2008	94.5	95.9	96.3	93.3	94.1	96.6	93.1	93.6
December 2008	92.6	95.9	96.1	91.7	92.6	96.3	92.1	90.6
January 2009	91.2	96.2	96.3	90.7	91.3	96.3	91.7	88.2
February 2009	90.0	96.6	96.8	90.0	90.5	96.3	92.1	86.3
March 2009	89.0	97.4	97.9	89.6	89.9	96.6	93.0	84.9
Change	↓	↑	↑	↓	↓	↑	↑	↓

Source: OECD Composite leading indicators [1]