OECD CLI for Poland inches down in December

The Composite Leading Indicator (CLI) for Poland decreased by 0.13 points m/m in December to 99.11 points. In y/y terms, the indicator decreased by 1.3 points, according to OECD data.

For the euro zone, the CLI stood at 100.59 points (unchanged m/m), while for all OECD countries it amounted to 100.16 points (also unchanged 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.

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