OECD indicator for Poland up in March

The Composite Leading Indicator (CLI) for Poland amounted to 100.56 points in March, compared with 100.52 points in February, according to data from the Organisation for Economic Co-operation and Development (OECD). On an annual basis, the indicator increased by 0.22 points. The CLI for the euro zone inched up to 100.74 points in March from 100.66 in February. The indicator calculated for all OECD countries amounted to 100.1 points, compared with 100.16 points a month before. 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.