Global Economic Indicators: Global Leading Indicators January 30, 2018 Dr. Edward Yardeni 516-2-7683 eyardeni@ Debbie Johnson 480-664-1333 djohnson@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box
Table Of Contents Table Of Contents OECD Leading Indicators 1-4 BRICs Leading Indicators 5 Country Comparisons 6-7 January 30, 2018 / Global Economic Indicators: Global Leading Indicators www.
OECD Leading Indicators Figure 1. OECD: LEADING INDICATORS 00 02 04 06 08 10 12 14 16 18 20 JAPAN 00 02 04 06 08 10 12 14 16 18 20 UNITED STATES GERMANY 00 02 04 06 08 10 12 14 16 18 20 00 02 04 06 08 10 12 14 16 18 20 CANADA FRANCE 00 02 04 06 08 10 12 14 16 18 20 00 02 04 06 08 10 12 14 16 18 20 UNITED KINGDOM ITALY 00 02 04 06 08 10 12 14 16 18 20 00 02 04 06 08 10 12 14 16 18 20 * A reading above that is rising predicts expansion, above and falling a downturn, below and falling a slowdown, and below and rising a recovery. Source: Haver Analytics. Page 1 / January 30, 2018 / Global Economic Indicators: Global Leading Indicators www.
OECD Leading Indicators Figure 2. OECD: LEADING INDICATORS Australia CZECH REPUBLIC 00 02 04 06 08 10 12 14 16 18 20 00 02 04 06 08 10 12 14 16 18 20 EUROPE DENMARK 00 02 04 06 08 10 12 14 16 18 20 00 02 04 06 08 10 12 14 16 18 20 AUSTRIA FINLAND 110 00 02 04 06 08 10 12 14 16 18 20 00 02 04 06 08 10 12 14 16 18 20 BELGIUM 00 02 04 06 08 10 12 14 16 18 20 GREECE 00 02 04 06 08 10 12 14 16 18 20 * A reading above that is rising predicts expansion, above and falling a downturn, below and falling a slowdown, and below and rising a recovery. Source: Haver Analytics. Page 2 / January 30, 2018 / Global Economic Indicators: Global Leading Indicators www.
OECD Leading Indicators Figure 3. OECD: LEADING INDICATORS NEW ZEALAND Oct Hungary 00 02 04 06 08 10 12 14 16 18 20 00 02 04 06 08 10 12 14 16 18 20 108 IRELAND NORWAY Oct 00 02 04 06 08 10 12 14 16 18 20 00 02 04 06 08 10 12 14 16 18 20 MEXICO POLAND 00 02 04 06 08 10 12 14 16 18 20 00 02 04 06 08 10 12 14 16 18 20 NETHERLANDS 00 02 04 06 08 10 12 14 16 18 20 * A reading above that is rising predicts expansion, above and falling a downturn, below and falling a slowdown, and below and rising a recovery. Source: Haver Analytics. Page 3 / January 30, 2018 / Global Economic Indicators: Global Leading Indicators www.
Figure 4. OECD: LEADING INDICATORS OECD Leading Indicators SWEDEN Portugal 00 02 04 06 08 10 12 14 16 18 20 00 02 04 06 08 10 12 14 16 18 20 110 SLOVAKIA SWITZERLAND 00 02 04 06 08 10 12 14 16 18 20 00 02 04 06 08 10 12 14 16 18 20 SPAIN TURKEY 115 110 00 02 04 06 08 10 12 14 16 18 20 00 02 04 06 08 10 12 14 16 18 20 * A reading above that is rising predicts expansion; above and falling a downturn, below and falling a slowdown, and below and rising a recovery. Source: Haver Analytics. 85 Page 4 / January 30, 2018 / Global Economic Indicators: Global Leading Indicators www.
BRICs Leading Indicators Figure 5. BRAZIL (amplitude adjusted, nsa*) INDIA 00 02 04 06 08 10 12 14 16 18 20 00 02 04 06 08 10 12 14 16 18 20 CHINA 00 02 04 06 08 10 12 14 16 18 20 RUSSIA 00 02 04 06 08 10 12 14 16 18 20 * A reading above that is rising predicts expansion; above and falling a downturn, below and falling a slowdown, and below and rising a recovery. Source: Haver Analytics. 110 85 Page 5 / January 30, 2018 / Global Economic Indicators: Global Leading Indicators www.
Country Comparisons Figure 6. BRICs LEADING INDICATORS Brazil (.6) China (.6) India (.7) Russia (.4) 19 19 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 * A reading above that is rising predicts expansion, above and falling a downturn, below and falling a slowdown, and below and rising a recovery. Source: OECD and Haver Analytics. Figure 7. OECD LEADING INDICATORS Europe (.4) Germany (.1) France (.4) Italy (.7) Spain (.1) United Kingdom (.1) 19 19 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 * A reading above that is rising predicts expansion, above and falling a downturn, below and falling a slowdown, and below and rising a recovery. Source: OECD and Haver Analytics. Page 6 / January 30, 2018 / Global Economic Indicators: Global Leading Indicators www.
108 Figure 8. OECD LEADING INDICATORS Country Comparisons 108 Europe (.4) Greece (.1) Portugal (.3) Ireland (.9) Belgium (.4) Netherlands (.4) 19 19 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 * A reading above that is rising predicts expansion, above and falling a downturn, below and falling a slowdown, and below and rising a recovery. Source: OECD and Haver Analytics. Figure 9. OECD LEADING INDICATORS US (.9) Europe (.4) Japan (.1) 93 19 19 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 93 * A reading above that is rising predicts expansion, above and falling a downturn, below and falling a slowdown, and below and rising a recovery. Source: OECD and Haver Analytics. Page 7 / January 30, 2018 / Global Economic Indicators: Global Leading Indicators www.
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