OECD CLI for Poland inches down in October

The Composite Leading Indicator (CLI) for Poland decreased by 0.15 points m/m in October to 98.89 points. In y/y terms, the indicator decreased by 0.96 points, according to OECD data.

For the euro zone, the CLI stood at 99.48 points (down by 0.15 m/m), while for all OECD countries it amounted to 99.36 points (0.13 points 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.

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