CLI for Poland inches up in July

The Composite Leading Indicator (CLI) for Poland amounted to 100.60 points in July 2014, compared to 100.58 points in June, according to data from the Organisation for Economic Co-operation and Development (OECD). In August 2013 the CLI was at 100.47. The CLI for the euro zone inched down to 100.83 points in July from 100.91 in June. The indicator calculated for all OECD countries amounted to 100.49 points in July compared to 100.50 points in June. A continuing increase of the CLI above 100 points signals future economic expansion. The OECD uses the indicator to forecast economic cycles six to nine months in advance.