OECD Composite Leading Indicator · Brazil

## What this measures

The OECD's composite leading indicator for Brazil, amplitude-adjusted so 100 marks the long-run trend of economic activity. It is built from a country-specific basket of early-moving series chosen for their lead on activity.

## Why it matters

It is designed to turn six to nine months before the economy does, on a scale that compares across countries.

## How to read it

Slope first, level second. Rising and above 100: expansion gathering. Falling but above 100: expansion fading. Falling and below 100: slowdown. Rising from below 100: recovery.

## What it does not say

It does not forecast how fast the economy grows, and recent months are revised.

## Source

OECD SDMX API, dataflow `OECD.SDD.STES,DSD_STES@DF_CLI`, key `BRA.M.LI...AA...H`, amplitude adjusted, 100 = long-run average. Palanor reads it every day. OECD data are licensed under CC BY 4.0.