United States · Cycle layer · Indicator

OECD composite leading indicator

Fetched 2 Nov 2026, 06:01 UTC
101.0 index
Normal 1.0 above the 100.0 trigger · rising
As of Sep 2026 · Threshold < 100 and falling
Recession, Aug 1957 to Apr 1958Recession, Apr 1960 to Feb 1961Recession, Dec 1969 to Nov 1970Recession, Nov 1973 to Mar 1975Recession, Jan 1980 to Jul 1980Recession, Jul 1981 to Nov 1982Recession, Jul 1990 to Mar 1991Recession, Mar 2001 to Nov 2001Recession, Dec 2007 to Jun 2009Recession, Feb 2020 to Apr 2020949698100102104Threshold < 100 and fallingTrigger < 100 and falling1960197019801990200020102020
1955 to 2026 · index. Shaded bands are NBER recessions, peak to trough.
What it is

The OECD's amplitude-adjusted leading indicator, built from series that historically turn six to nine months before GDP. Below 100 the economy is expected to grow under trend; falling means the gap is widening.

Threshold source: OECD: 100 is the long-term trend; below and falling signals a downturn ahead. How thresholds are chosen

Known weaknesses

Revised heavily for several months after first publication, and its components differ by country, so cross-country comparison is of direction, not level.