Economy
21:45 13 January 2020
Post by: WBJ

CLI for Poland down by 0.92% y/y in November '19

CLI for Poland down by 0.92% y/y in November '19
Source: Pixabay

The Composite Leading Indicator (CLI) for Poland fell by 0.92% y/y and 0.07% m/m in November 2019 and amounted to 98.90 points, Organization for Economic Cooperation and Development (OECD) announced. Level 100.00 points is the long-term average of the indicator.


According to OECD, growing CLI with a value above 100 points means expansion of the economy, falling CLI below 100 points means a downturn, CLI in a downward trend and below 100 points means a slowdown while increasing CLI above 100 points means recovery (reconstruction) in the economy. CLI is ahead of business cycles, OECD's intention is for the shift to be 6-9 months.


(PAP)

poland
oecd
cli

More News

lifestyle

LifeStyle
1 month ago

Moving to new office changes work style – report

LifeStyle
2 months ago

Robert Lewandowski to open his own restaurant in Browary Warszawskie

LifeStyle
4 months ago

First hotel in space to be built by 2025

Book of Lists

advertisement