BIEC: Leading Economic Indicator has dropped

The Leading Economic Indicator (WWK) indicator, informing in advance about future trends in the economy, dropped by 1 point in relation to quotations from a month before in July 2019, the Bureau of Investment and Economic Cycles (BIEC) provided. It was the largest one-off drop in the index since September last year.
“Six out of its eight components deteriorated, while the other two have only slightly improved. The deceleration of major European economies, among them Germany, will have an impact on foreign demand and, consequently, on the condition of domestic enterprises,” the BIEC’s experts pointed out.
(PAP)