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.



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