Economy
14:32 8 October 2019
Post by: WBJ

CLI for Poland in August'19 drops by 0.94% y/y – OECD

CLI for Poland in August'19 drops by 0.94% y/y – OECD
source: Pxhere

Composite Leading Indicator (CLI) for Poland decreased by 0.94 percent y/y and 0.09 m/m in August 2019 and amounted to 98.99 points, the Organization for Economic Cooperation and Development (OECD) said on Tuesday.


Level 100.00 points is the long-term average of the indicator.


Composite Leading Indicator is an indicator prepared by the OECD. It is intended for early indication of turning points in the business cycle in a given country, however, as OECD reserves, not for quantitative forecasts.


(PAP)

poland
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