AREA TOTALS OECD Composite Leading Indicators. OECD Total. OECD + Major 6 Non Member Countries. Major Five Asia. Major Seven.

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Reference series Composite leading indicators OECD Composite Leading Indicators AREA TOTALS 7-03- 19 OECD Total 19 OECD + Major 6 Non Member Countries 19 Major Seven 19 Major Five Asia 19 Euro area 19 NAFTA 19 Major Four Europe 19 OECD Europe

OECD Total OECD + Major 6 Non Member Countries Major Seven Major Five Asia Euro Area NAFTA Major Four Europe OECD Europe Amplitude adjusted (long term average =) February 99.69 99.41 99.49 99.40.26 99.28 99.99.00 March 99.66 99.42 99.45 99.39.21 99.28 99.91 99. April 99.65 99.44 99.42 99.38.16 99.30 99.83 99.89 May 99.64 99.47 99.41 99.39.12 99.31 99.77 99.86 June 99.64 99.51 99.40 99.41.10 99.32 99.74 99.85 July 99.65 99.55 99.40 99.44.10 99.32 99.73 99.85 August 99.67 99.60 99.44 99.47.13 99.32 99.78 99.88 September 99.71 99.66 99.51 99.50.18 99.35 99.88 99. October 99.78 99.73 99.61 99.54.26 99.39 99.99.03 November 99.85 99.81 99.72 99.59.34 99.46.10.12 December 99.93 99.89 99.84 99.64.42 99.52.21.22 January.00 99.97 99. 99.68.48 99.56.30.32 Month on Month growth rate (%) February -0.04-0.02-0.06-0.03-0.05-0.02-0.08-0.07 March -0.03 0.01-0.04-0.01-0.06 0.00-0.08-0.06 April -0.01 0.02-0.03 0.00-0.05 0.01-0.08-0.05 May -0.01 0.03-0.02 0.01-0.04 0.01-0.06-0.03 June 0.00 0.04-0.01 0.02-0.02 0.01-0.04-0.01 July 0.00 0.04 0.01 0.03 0.00 0.00 0.00 0.00 August 0.02 0.05 0.03 0.03 0.02 0.01 0.05 0.03 September 0.05 0.06 0.07 0.03 0.06 0.03 0.10 0.06 October 0.06 0.07 0.10 0.04 0.08 0.05 0.11 0.08 November 0.08 0.08 0.12 0.05 0.08 0.06 0.11 0.09 December 0.08 0.08 0.12 0.05 0.08 0.06 0.11 0.10 January 0.06 0.07 0.10 0.04 0.07 0.04 0.09 0.09 Year on Year growth rate (%) February -0.74-0.67-0. -0.50-0.02-1.31-0.25-0.27 March -0.73-0.64-0.93-0.52-0.14-1.23-0.38-0.34 April -0.70-0.58-0.93-0.52-0.22-1.11-0.48-0.38 May -0.65-0.50-0.90-0.50-0.27-0. -0.55-0.39 June -0.58-0.40-0.85-0.45-0.29-0.84-0.58-0.38 July -0.48-0.27-0.75-0.36-0.27-0.67-0.55-0.35 August -0.36-0.13-0.60-0.25-0.23-0.48-0.47-0.30 September -0.23 0.01-0.40-0.15-0.18-0.30-0.35-0.23 October -0.10 0.15-0.20-0.05-0.11-0.12-0.21-0.14 November 0.03 0.29 0.01 0.06-0.03 0.04-0.07-0.03 December 0.16 0.42 0.21 0.16 0.06 0.18 0.08 0.09 January 0.27 0.54 0.39 0.25 0.17 0.26 0.23 0.24 OECD Composite Leading Indicators 7-03-

Reference series Composite leading indicators OECD Composite Leading Indicators MAJOR SEVEN OECD COUNTRIES 7-03- 19 United States 19 Japan 19 Germany 19 France 19 Italy 19 United Kingdom 19 Canada

Canada United States Japan France Germany Italy United Kingdom Amplitude adjusted (long term average =) February.99 99.14 99.72.42 99.55.81 99.51 March 99.07 99.12 99.67.36 99.54.72 99.32 April 99.18 99.11 99.64.29 99.54.63 99.13 May 99.31 99.11 99.61.22 99.57.53. June 99.44 99.10 99.60.18 99.62.43.88 July 99.57 99.09 99.62.15 99.70.34.85 August 99.70 99.11 99.67.17 99.81.27. September 99.84 99.16 99.74.23 99.97.22 99.09 October 99.99 99.25 99.85.32.15.19 99.24 November.18 99.36 99..43.32.18 99.38 December.39 99.48.07.55.48.16 99.50 January.60 99.59.11.66.63.12 99.58 Month on Month growth rate (%) February 0.02-0.06-0.06-0.03-0.05-0.08-0.18 March 0.07-0.02-0.04-0.06-0.02-0.09-0.19 April 0.11-0.01-0.04-0.07 0.01-0.09-0.19 May 0.13 0.00-0.03-0.06 0.03-0.10-0.16 June 0.14-0.01-0.01-0.05 0.05-0.10-0.10 July 0.13 0.00 0.02-0.02 0.08-0.09-0.02 August 0.13 0.01 0.05 0.02 0.11-0.07 0.09 September 0.14 0.05 0.08 0.06 0.16-0.05 0.16 October 0.16 0.09 0.10 0.09 0.18-0.02 0.15 November 0.19 0.11 0.11 0.11 0.16-0.01 0.14 December 0.21 0.12 0.11 0.12 0.16-0.02 0.12 January 0.21 0.11 0.04 0.11 0.15-0.04 0.09 Year on Year growth rate (%) February -0.86-1.46-0.51 0.60-0.35 0.33-1.42 March -0.70-1.40-0.61 0.46-0.44 0.11-1.52 April -0.52-1.31-0.70 0.33-0.48-0.08-1.63 May -0.33-1.21-0.77 0.22-0.47-0.22-1.71 June -0.13-1.11-0.79 0.12-0.41-0.33-1.73 July 0.10-0.95-0.73 0.04-0.29-0.42-1.65 August 0.33-0.76-0.61-0.01-0.11-0.49-1.43 September 0.58-0.52-0.44-0.03 0.12-0.60-1.13 October 0.84-0.29-0.22-0.01 0.36-0.69-0.84 November 1.11-0.04 0.00 0.04 0.59-0.74-0.59 December 1.39 0.19 0.21 0.11 0.82-0.76-0.34 January 1.65 0.39 0.33 0.21 1.03-0.75-0.10 OECD Composite Leading Indicators 7-03-

Reference series Composite leading indicators OECD Composite Leading Indicators OTHER OECD COUNTRIES 7-03- 19 Chile 19 Mexico 19 Korea 19 Australia 19 New Zealand 19 Israel 19 Austria 19 Belgium

Chile Mexico Korea Australia New Zealand Israel Austria Belgium Amplitude adjusted (long term average =) February 99.69.56.47.00 99.79 99.64 99.69.06 March 99.68.72.46.10.14 99.76 99.69.07 April 99.63.82.47.18.56 99.83 99.73.11 May 99.59.88.48.25.95 99.88 99.80.18 June 99.58.91.51.29 101.25 99.91 99.91.24 July 99.60.82.56.32 101.43 99..03.30 August 99.67.67.61.31 101.49 99.89.17.34 September 99.78.42.65.25 101.43 99.86.34.37 October 99.93.07.67.17 101.28 99.86.54.40 November.15 99.65.68.10 101.06 99.90.74.43 December.38 99.10.69.05 101.18 99.95.95.46 January.60.52.70.01 101.29.01 101.14.46 Month on Month growth rate (%) February 0.08 0.27-0.02 0.09 0.23 0.11-0.04-0.03 March -0.01 0.16-0.01 0.10 0.35 0.12 0.00 0.01 April -0.05 0.10 0.00 0.09 0.42 0.07 0.04 0.05 May -0.04 0.06 0.01 0.06 0.39 0.06 0.08 0.06 June -0.01 0.03 0.03 0.05 0.30 0.03 0.10 0.06 July 0.02-0.08 0.05 0.03 0.18 0.00 0.12 0.05 August 0.07-0.15 0.05-0.02 0.06-0.03 0.14 0.04 September 0.11-0.25 0.04-0.06-0.06-0.02 0.17 0.03 October 0.15-0.35 0.02-0.08-0.15 0.00 0.19 0.03 November 0.22-0.42 0.01-0.07-0.22 0.04 0.21 0.03 December 0.23-0.55 0.01-0.05 0.12 0.05 0.20 0.03 January 0.22-0.59 0.01-0.04 0.11 0.05 0.19 0.00 Year on Year growth rate (%) February -0.26-0.42-0.13-0.77 0.43-0.27 0.39 0.15 March -0.33-0.25-0.16-0.62 0.95-0.17 0.37 0.03 April -0.38 0.05-0.14-0.41 1.57-0.11 0.34-0.03 May -0.32 0.40-0.08-0.18 2.14-0.02 0.32-0.04 June -0.17 0.76-0.01 0.03 2.55 0.07 0.33 0.00 July 0.07 1.03 0.06 0.19 2.76 0.16 0.36 0.06 August 0.31 1.11 0.12 0.28 2.73 0.24 0.44 0.14 September 0.47 0.89 0.14 0.30 2.50 0.34 0.57 0.22 October 0.60 0.48 0.14 0.28 2.17 0.43 0.75 0.27 November 0.73-0.06 0.14 0.25 1.79 0.48 0. 0.30 December 0.88-0.85 0.16 0.19 1.78 0.49 1.19 0.33 January 0.99-1.76 0.20 0.10 1.73 0.47 1.42 0.37 OECD Composite Leading Indicators 7-03-

Reference series Composite leading indicators OECD Composite Leading Indicators OTHER OECD COUNTRIES 7-03- 19 Czech Republic 19 Denmark 86 88 90 110 112 19 Estonia 19 Finland 90 19 Greece 19 Hungary 110 112 19 Ireland 1 13 25 37 49 61 73 85 97 109 121 133 145 157 169 181 193 205 217 229 241 Luxembourg

Czech Republic Denmark Estonia Finland Greece Hungary Ireland Luxembourg Amplitude adjusted (long term average =) February.46 99.58 101.63.30.48.05.15 n.a March.33 99.49 101.56.31.44.07 99.79 n.a April.18 99.49 101.51.31.24.08 99.47 n.a May.03 99.53 101.51.34 101..05 99.24 n.a June 99.86 99.60 101.58.41 101.74 99.99 99.14 n.a July 99.69 99.68 101.75.56 101.56 99.89 99.12 n.a August 99.56 99.77 101..77 101.33 99.80 99.16 n.a September 99.48 99.87.14.99 101.05 99.74 99.30 n.a October 99.45.00.25 101.19.73 99.76 99.56 n.a November 99.43.13.22 101.37.36 99.84 99. n.a December 99.40.26.06 101.53 99.93 99.97.40 n.a January 99.34.39 101.80 101.64 99.40.12. n.a Month on Month growth rate (%) February -0.13-0.15-0.04 0.01 0.20 0.00-0.34 - March -0.14-0.09-0.07 0.01-0.04 0.01-0.36 - April -0.14-0.01-0.05 0.00-0.20 0.01-0.32 - May -0.15 0.05 0.00 0.02-0.27-0.02-0.23 - June -0.17 0.07 0.07 0.08-0.22-0.06-0.11 - July -0.17 0.08 0.16 0.15-0.17-0.10-0.02 - August -0.13 0.09 0.21 0.20-0.23-0.09 0.04 - September -0.07 0.11 0.18 0.22-0.28-0.05 0.14 - October -0.03 0.12 0.10 0.20-0.31 0.01 0.26 - November -0.02 0.13-0.02 0.18-0.37 0.08 0.39 - December -0.03 0.14-0.16 0.16-0.43 0.13 0.47 - January -0.06 0.13-0.26 0.10-0.52 0.15 0.55 - Year on Year growth rate (%) February -0.52-0.74 1.38 0.39 1. 0.14-1.89 - March -0.51-0. 1.30 0.30 2.29 0.03-2.59 - April -0.51-1.01 1.30 0.25 2.54-0.04-3.11 - May -0.55-1.02 1.43 0.25 2.69-0.08-3.37 - June -0.68-0. 1.60 0.32 2.80-0.14-3.39 - July -0.86-0.89 1.71 0.46 2.77-0.23-3.23 - August -1.04-0.73 1.71 0.65 2.31-0.32-2.90 - September -1.17-0.51 1.58 0.85 1.46-0.38-2.43 - October -1.25-0.26 1.26 1.02 0.42-0.37-1.84 - November -1.28 0.03 0.86 1.15-0.72-0.28-1.14 - December -1.26 0.36 0.44 1.27-1.83-0.11-0.38 - January -1.24 0.67 0.12 1.34-2.81 0.07 0.46 - OECD Composite Leading Indicators 7-03-

Reference series Composite leading indicators OECD Composite Leading Indicators OTHER OECD COUNTRIES 7-03- 19 Netherlands 19 Norway 19 Poland 19 Portugal 19 Slovak Republic 19 Slovenia 19 Spain 19 Sweden

Netherlands Norway Poland Portugal Slovak Republic Slovenia Spain Sweden Amplitude adjusted (long term average =) February 99.84 99.49.43.03.41.74 101.07.24 March 99.80 99.51.24.13.48.24.97.09 April 99.79 99.52.11.25.56 99.80.86 99.93 May 99.79 99.53.06.36.66 99.45.74 99.77 June 99.79 99.54.04.46.76 99.26.64 99.63 July 99.78 99.58.00.51.84 99.20.55 99.52 August 99.77 99.68 99..54.90 99.25.49 99.43 September 99.79 99.81 99..53.91 99.42.46 99.42 October 99.84 99. 99.93.47.84 99.68.45 99.48 November 99.91.12 99.95.32.69 99..46 99.59 December.00.27.01.13.47.29.46 99.72 January.08.42.07 99..19.51.45 99.83 Month on Month growth rate (%) February -0.08 0.00-0.17 0.05 0.06-0.47-0.09-0.10 March -0.04 0.02-0.19 0.10 0.06-0.50-0.10-0.15 April -0.01 0.01-0.13 0.12 0.08-0.44-0.11-0.16 May 0.00 0.01-0.05 0.11 0.10-0.34-0.11-0.16 June 0.00 0.01-0.02 0.09 0.10-0.20-0.10-0.14 July -0.01 0.05-0.03 0.06 0.09-0.05-0.09-0.12 August -0.01 0.09-0.04 0.03 0.06 0.05-0.06-0.09 September 0.02 0.13-0.03-0.01 0.01 0.17-0.03-0.01 October 0.05 0.15-0.01-0.06-0.07 0.26-0.01 0.06 November 0.07 0.16 0.02-0.15-0.15 0.31 0.00 0.11 December 0.08 0.15 0.06-0.19-0.22 0.30 0.00 0.13 January 0.08 0.14 0.06-0.19-0.28 0.23 0.00 0.12 Year on Year growth rate (%) February -0.52-0.19 0.11-0.55 0.25-0.84-0.63 0.45 March -0.61-0.07-0.19-0.50 0.42-1.50-0.72 0.29 April -0.68 0.05-0.44-0.43 0.62-2.09-0.78 0.11 May -0.72 0.12-0.58-0.36 0.81-2.54-0.82-0.06 June -0.72 0.18-0.65-0.26 0. -2.83-0.84-0.22 July -0.69 0.22-0.70-0.14 1.00-2.95-0.86-0.39 August -0.63 0.29-0.76-0.01 0.97-2.90-0.87-0.57 September -0.53 0.38-0.81 0.08 0.88-2.67-0.86-0.69 October -0.38 0.48-0.85 0.14 0.72-2.30-0.85-0.74 November -0.22 0.62-0.83 0.16 0.49-1.83-0.82-0.73 December -0.02 0.77-0.70 0.11 0.19-1.28-0.77-0.64 January 0.16 0.93-0.53-0.05-0.16-0.70-0.70-0.50 OECD Composite Leading Indicators 7-03-

19 19 OTHER OECD COUNTRIES Reference series Composite leading indicators Switzerland 90 88 Turkey OECD Composite Leading Indicators 7-03-

Switzerland Turkey Amplitude adjusted (long term average =) February 99.46.57 March 99.56.66 April 99.66.86 May 99.76 99.10 June 99.85 99.31 July 99.91 99.45 August 99.95 99.54 September.01 99.62 October.07 99.75 November.19 99. December.37.21 January.54.57 Month on Month growth rate (%) February 0.08 0.00 March 0.10 0.10 April 0.10 0.20 May 0.10 0.24 June 0.09 0.22 July 0.06 0.14 August 0.04 0.09 September 0.06 0.09 October 0.07 0.13 November 0.12 0.19 December 0.18 0.27 January 0.17 0.35 Year on Year growth rate (%) February 0.50-1.15 March 0.70-0.63 April 0.80-0.06 May 0.84 0.47 June 0.85 0.90 July 0.82 1.11 August 0.80 1.19 September 0.82 1.24 October 0.85 1.29 November 0.93 1.41 December 1.07 1.65 January 1.18 2.02 OECD Composite Leading Indicators 7-03-

19 19 19 19 19 19 MAJOR NON MEMBER COUNTRIES Reference series Composite leading indicators Brazil China * 90 India 110 90 88 Indonesia 110 90 88 Russia South Africa * The reference series for China is the value added of industry,at 1995 constant prices, million Yuan. OECD Composite Leading Indicators 7-03-

Brasil China India Indonnesia Russia South Africa Amplitude adjusted (long term average =) February 97.66.70.74.93 97.95 99.70 March.01.65.76 99.15.21 99.58 April.44.63.76 99.35.56 99.46 May.91.63.73 99.52.91 99.34 June 99.40.67.68 99.68 99.24 99.25 July 99.89.72.60 99.85 99.53 99.21 August.33.78.49 99. 99.79 99.22 September.72.86.34.07.05 99.29 October 101.06.97.17.12.30 99.39 November 101.35 99.11 99..12.55 99.49 December 101.62 99.26 99.79.10.78 99.61 January 101.90 99.42 99.60.05 101.06 99.74 Month on Month growth rate (%) February 0.25-0.09 0.03 0.25 0.11-0.11 March 0.36-0.05 0.01 0.22 0.27-0.12 April 0.44-0.02 0.00 0.20 0.35-0.12 May 0.48 0.01-0.02 0.17 0.36-0.12 June 0.50 0.03-0.05 0.16 0.33-0.09 July 0.49 0.05-0.08 0.17 0.29-0.05 August 0.45 0.07-0.11 0.13 0.26 0.02 September 0.39 0.08-0.14 0.09 0.25 0.07 October 0.34 0.11-0.17 0.05 0.25 0.10 November 0.29 0.14-0.19 0.00 0.25 0.11 December 0.26 0.15-0.19-0.02 0.24 0.12 January 0.28 0.16-0.19-0.05 0.27 0.13 Year on Year growth rate (%) February 0.12-1.11 1.07-1.01-1.45-0.76 March 0.65-1.13 0.97-0.60-1.17-0.89 April 1.23-1.14 0.86-0.14-0.85-1.02 May 1.82-1.10 0.72 0.34-0.48-1.14 June 2.40-0.99 0.55 0.82-0.06-1.18 July 2. -0.83 0.36 1.27 0.41-1.13 August 3.40-0.63 0.14 1.63 0.93-1.00 September 3.77-0.42-0.10 1.88 1.46-0.83 October 4.06-0.18-0.36 1.95 1. -0.65 November 4.29 0.08-0.62 1.87 2.49-0.48 December 4.47 0.36-0.87 1.68 2.93-0.30 January 4.61 0.64-1.11 1.38 3.28-0.07 OECD Composite Leading Indicators 7-03-