The Composite Leading Indicator (CLI) for Poland decreased by 0.17 points m/m in August to 99.2 points. In y/y terms, the indicator decreased by 0.6 points, according to OECD data.
For the euro zone, the CLI stood at 99.63 points (down by 0.15 m/m), while for all OECD countries it amounted to 99.58 points (0.1 pints down m/m).
The composite leading indicator is designed to provide early signals of turning points in business cycles showing fluctuations in economic activity around its long-term potential level. CLIs show short-term economic movement in qualitative rather than quantitative terms. The 100 point level is the long-term average indicator.