Index reporting trends in economy more than 14 points lower than year ago - BIEC

The Leading Economic Index (LEI), which provides information on future trends in the economy, did not change significantly in November from the previous month, the Bureau of Investment and Economic Cycles (BIEC) reported. It added that the indicator was more than 14 points lower than a year ago.

According to BIEC experts, the periodic halt in the index's decline does not mean the situation is improving. "It is only indicative of the adjustment processes taking place in the economy, and above all, the struggle of entrepreneurs to survive in the face of soaring operating costs and shrinking demand," the BIEC explained.

Source: PAP