ABSTRACT
Cyclical analysis is based on the view that market-oriented economies experience repetitive and non-periodic fluctuations of their activity. The OECD developed its system of leading indicators and business cycle analysis to provide economic analysts with early signals of turning points in economic activity (see Beziz (OECD)). This is important information for economists, businessmen and policy makers to enable correct analysis of the current economic situation and for the anticipation of economic developments. In particular, it provides key information about when adjustments in economic policy should be implemented.
