• Leading indicators are very important for most parts of the financial markets. Lately we have seen tentative signs of a turnaround in several leading indicators after a very rapid decline since summer 2008 and we expect to see further recovery in leading indicators (such as ISM) in the upcoming quarters. In order to follow this development we introduce a Business Cycle Monitor, which contains an overview of leading indicators for different regions of the global economy.
• We will issue the Business Cycle Monitor on a monthly basis at the beginning of the month when data for PMI has been published worldwide. The next issue will be out on March 4.
