France CLI index: trend restored
France CLI index: trend restored stood at 114.37 in May 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 May 2026. The complete series with an interactive chart, free to download.
This indicator in the OECD composite leading indicator table
| Indicator | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Composite leading indicator | |||||||||||
| CLI, trend restored | 114.37 | 114.26 | 114.19 | 114.13 | 114.04 | 113.89 | 113.66 | 113.37 | 113.03 | 112.76 | |
| CLI, trend restored, annual growth | 2.13 | 2.18 | 2.25 | 2.34 | 2.45 | 2.51 | 2.5 | 2.4 | 2.21 | 2 |
Understanding france CLI index: trend restored
This series tracks the composite leading indicator with its long-term economic trend explicitly restored, combining forward-looking components back with the underlying structural growth path of the economy. It merges indicators spanning financial markets, business sentiment, and production plans, anchoring them to a historical average baseline. In contrast to the detrended or amplitude-adjusted sibling metrics, this version retains the secular growth trajectory, meaning it reflects both cyclical fluctuations and the overarching long-term expansion rate of economic activity.
Reading this metric requires understanding that the inclusion of the trend component can mask cyclical turning points if structural growth slows or accelerates independently of business cycles. Analysts should avoid treating month-to-month variations as purely cyclical, since shifts in the underlying trend path influence the overall index level. When evaluating this series alongside pure business cycle gauges, researchers must account for the structural growth element to avoid misinterpreting trend momentum as cyclical overheating or contraction.
Frequently asked questions
- What does restoring the trend mean for this specific indicator?
- It reincorporates the underlying structural growth path of the economy back into the cyclical index.
- How does this series differ from detrended composite indicators?
- Detrended versions isolate purely cyclical swings, whereas this series includes the long-term secular growth trajectory.
- Why might trend restoration complicate cyclical analysis?
- Structural shifts in underlying growth can obscure traditional business cycle turning points within the combined index.