CLI for Poland down by 0.99% y/y in X 2019 – OECD

The Composite Leading Indicator (CLI) for Poland dropped by 0.99 percent y/y and 0.14 percent m/m  to 98.84 points in October 2019, Organization for Economic Cooperation and Development (OECD) announced on Monday.
The level of 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 above 100 points means a downturn. CLI is ahead of business cycles, OECD's intention is for the shift to be 6-9 months.
(PAP)