OECD’s indicator for Poland inches down in June

The Composite Leading Indicator (CLI) for Poland amounted to 100.59 points in June 2014, compared to 100.66 points in May, according to data from the Organisation for Economic Co-operation and Development (OECD). In July 2013 the CLI was at 100.39. The CLI for the euro zone inched down to 100.98 points in June from 101.02 in May. The indicator calculated for all OECD countries amounted to 100.52 points in June compared to 100.54 points in May. 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.