Germany Composite Leading Indicator

OECD composite leading indicator, designed to anticipate turning points in economic activity (long-term average = 100).

Composite Leading Indicator in Germany increased to 101.01 points in Sep 2026 from 100.90 points in Aug 2026.

101.01
▲ +0.10Sep 2026 · previous 100.90Monthly · index points · Source: OECD — Organisation for Economic Co-operation and Development

Germany Composite Leading Indicator — History

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Germany Composite Leading Indicator — analysis in simple words

Latest reading

Composite Leading Indicator in Germany increased to 101.01 points in Sep 2026 from 100.90 points in Aug 2026.

It has risen in each of the last three months.

Recent trend

A year earlier (Sep 2025) it was 100.48, so the latest figure is 0.52 higher.

Over the past five years the average was 99.97, with a range from 98.66 to 102.63. The latest value is above that five-year average.

Historical context

This data series starts in Jan 1961 and has 789 monthly observations. The latest reading is higher than 76% of all of them.

The highest value on record is 103.65 (May 1969) and the lowest is 90.81 (Apr 2020). The long-run average is 100.00.

Compared with other countries

Among 17 economies with recent data, Germany ranks 7th from the top. The median across all these economies is 100.73, so Germany is above the typical country.

Among 16 major economies tracked on this site it ranks 7th.

Within Europe & Central Asia (6 economies with data) it ranks 2nd; the regional median is 100.70.

Statistics

Latest
101.01Sep 2026
Previous
100.90
5-year average
99.97
Long-run average
100.00since Jan 1961
All-time high
103.65May 1969
All-time low
90.81Apr 2020
Observations
789Monthly

Recent Data

PeriodValueChange
Sep 2026101.01▲ +0.10
Aug 2026100.90▲ +0.11
Jul 2026100.79▲ +0.10
Jun 2026100.69▲ +0.07
May 2026100.62▲ +0.02
Apr 2026100.60▼ −0.02
Mar 2026100.63▼ −0.03
Feb 2026100.65▼ −0.02
Jan 2026100.67▲ +0.00
Dec 2025100.67▲ +0.03
Nov 2025100.64▲ +0.06
Oct 2025100.58▲ +0.09
Sep 2025100.48▲ +0.11
Aug 2025100.38▲ +0.11
Jul 2025100.27▲ +0.12
Jun 2025100.14▲ +0.14
May 2025100.00▲ +0.17
Apr 202599.83▲ +0.18
Mar 202599.65▲ +0.16
Feb 202599.49▲ +0.13
Jan 202599.36▲ +0.08
Dec 202499.28▲ +0.02
Nov 202499.26▼ −0.02
Oct 202499.29▼ −0.04
Sep 202499.33▼ −0.06
Aug 202499.39▼ −0.05
Jul 202499.44▼ −0.02
Jun 202499.46▲ +0.03
May 202499.43▲ +0.09
Apr 202499.33

Composite Leading Indicator — Germany vs Peers

Latest available reading for each economy (periods may differ). Germany highlighted.

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See all countries →

More Germany indicators

GDP Annual Growth Rate1.0%Q2 2026Interest Rate2.50%Sep 2026Inflation Rate3.3%Sep 2026Unemployment Rate4.0%Aug 2026Government Debt to GDP62.7%2025Balance of Trade$119.0B2025Current Account to GDP4.4%2025GDP$5,050.9B2025GDP Growth Rate0.33%Q2 2026Industrial Production-2.2%Jul 2026Business Confidence99.90Sep 2026
Germany economy overview →   Composite Leading Indicator — all countries →

Understanding Composite Leading Indicator — a simple guide

What it measures

The OECD Composite Leading Indicator (CLI) combines several forward-looking data series — such as business surveys, orders, share prices and interest-rate spreads — into one index designed to anticipate turning points in the economy.

How it is calculated

The OECD combines several leading series, smooths them, and scales the result so that 100 equals the long-term trend.

Simple example

A CLI moving from 99.5 to 100.3 over a few months suggests activity is turning up above trend.

▲ When it is high or rising

Above 100 and rising: growth above trend is expected.

▼ When it is low or falling

Below 100 and falling: a slowdown below trend is expected.

Why it matters for the economy and markets

Because it is built to turn before the economy does, the CLI is used to spot early signs of an upswing or a slowdown six to nine months ahead.

How to read it

A value above 100 means activity is expected to be above its long-term trend; below 100, below trend. The direction (rising or falling) matters as much as the level.

What to look at alongside it

Business confidence, industrial production and GDP growth.

Key terms

Leading indicator
A measure that tends to change before the overall economy does.
Amplitude adjusted
Scaled so swings are comparable across countries.

Data source

OECD — Organisation for Economic Co-operation and Development (series OECD CLI (amplitude adjusted)), monthly data from Jan 1961 to Sep 2026. Values are shown exactly as published by the source and may be revised later.

How to use the chart

Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.

Frequently asked questions

What is the current composite leading indicator of Germany?
Germany composite leading indicator was 101.01 in Sep 2026, compared with 100.90 in the previous period, according to OECD — Organisation for Economic Co-operation and Development.
What is the highest and lowest composite leading indicator of Germany?
Since Jan 1961, the highest reading was 103.65 (May 1969) and the lowest was 90.81 (Apr 2020).
What does composite leading indicator measure?
The OECD Composite Leading Indicator (CLI) combines several forward-looking data series — such as business surveys, orders, share prices and interest-rate spreads — into one index designed to anticipate turning points in the economy.

Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.