OECD’s indicator for Poland inches up in September

The Composite Leading Indicator (CLI) for Poland amounted to 101.13 points in September 2014, compared to 100.84 points in August, according to data from the Organisation for Economic Co-operation and Development (OECD). In October 2013 the CLI was at 100.38. The CLI for the euro zone inched down to 100.65 points in September from 100.72 in June. The indicator calculated for all OECD countries amounted to 100.39 points in September compared to 100.40 points in August. 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.