France CLI index: normalised
France CLI index: normalised stood at 100.58 in Sep 2026, according to OECD – Composite Leading Indicators (Main Economic Indicators). It is one of the indicators in the OECD composite leading indicator table (Value · Monthly), with a complete series running from May 1962 to Sep 2026. The complete series with an interactive chart, free to download.
This indicator in the OECD composite leading indicator table
| Indicator | 09-2026 | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Composite leading indicator | |||||||||||
| CLI, normalised | 100.58 | 100.51 | 100.45 | 100.39 | 100.35 | 100.34 | 100.37 | 100.4 | 100.42 | 100.38 | |
| CLI, trend restored | 114.37 | 114.26 | 114.19 | 114.13 | 114.04 | 113.89 |
Understanding france CLI index: normalised
This metric tracks the composite leading indicator after standardising the underlying component series so each variable contributes equally to the aggregate index without units of measurement distorting the result. It aggregates forward-looking economic series, including business sentiment, financial indicators, and demand proxies, anchored against a long-term historical average baseline. Unlike the amplitude-adjusted counterpart, this normalised variant preserves the raw relative variance of the standardized components without scaling them to match the exact amplitude of past output cycles, providing an unvarnished view of cyclical momentum.
Evaluating this index involves tracking movements relative to the baseline threshold, where readings above or below signal expansionary or contractionary phases respectively. Analysts must be mindful that smoothing techniques and seasonal adjustments applied to individual sub-components can introduce lag or cause retroactive revisions to the historical path. When contrasting this series with raw macroeconomic variables, observers should remember that standardisation strips away absolute levels, turning the output into a relative gauge designed exclusively for spotting directional inflections.
Frequently asked questions
- What does standardisation achieve in this normalised indicator?
- It removes differing units of measurement from component series so that each variable contributes equally to the final aggregate index.
- How do you determine economic expansion or contraction using this index?
- Readings positioned above the long-term average threshold indicate expansionary momentum, whereas figures below point to contraction.
- Can this normalised series be compared directly with gross domestic product levels?
- No, because standardisation strips away absolute economic scale, leaving a unitless relative gauge focused on cyclical timing.