OECD’s indicator for Poland drops in May

The Composite Leading Indicator (CLI) for Poland amounted to 100.72 points in May 2014, compared to 100.77 points in April, according to data from the Organisation for Economic Co-operation and Development (OECD) quoted by ISBnews. In May 2013 the CLI was at 99.96. The CLI for the euro zone grew to 101.12 points in May from 101.10 in April. The indicator calculated for all OECD countries amounted to 100.60 points in May compared to 100.58 points in April. 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.