Leading indicators all pointing up

OECD leading indicators have turned up to create synchronous global business cycle.

Table from CIMB-GK and OECD CLI index. he leading indicators are showing steep increase especially for EU area. The US is the laggard relative to the G3 and emerging markets.

Duration of OECD Leading Indicator cycles
Duration (months)	Period
Trough to peak	29	Sep 1970 to Feb 1973
Peak to trough	23	Feb 1973 to Jan 1975
Trough to peak	46	Jan 1975 to Nov 1978
Peak to trough	44	Nov 1978 to Jul 1982
Trough to peak	17	Jul 1982 to Dec 1983
Peak to trough	24	Dec 1983 to Dec 1985
Trough to peak	35	Dec 1985 to Nov 1988
Peak to trough	48	Nov 1988 to Nov 1992
Trough to peak	22	Nov 1992 to Sep 1994
Peak to trough	12	Sep 1994 to Sep 1995
Trough to peak	23	Sep 1995 to Aug 1997
Peak to trough	14	Aug 1997 to Oct 1998
Trough to peak	16	Oct 1998 to Feb 2000
Peak to trough	19	Feb 2000 to Sep 2001
Trough to peak	8	Sep 2001 to May 2002
Peak to trough	10	May 2002 to Mar 2003
Trough to peak	12	Mar 2003 to Mar 2004
Peak to trough	15	Mar 2004 to Jun 2005
Trough to peak	23	Jun 2005 to May 2007
Peak to trough	21	May 2007 to Feb 2009
Trough to peak	6	Mar 2009 to Aug 2009
Averages since 1970
Peak to trough	23
Trough to peak	23