The CLI for Poland stays 100.5 points in II

The leading Composite Leading Indicator (CLI) for Poland in February was 100.5, as in January, the Organization for Economic Cooperation and Development (OECD) reported.

Level 100.00 points is the long-term average of the index.

According to the OECD, the growing CLI of more than 100 points means expansion of the economy, falling CLI below the level of 100 points means a downturn, CLI in a downtrend and below 100 points means a slowdown, and the increasing CLI over the level of 100 points means recovery in the economy. CLI is ahead of the business cycles, the OECD intends the shift to be 6-9 months.

The Composite Leading Indicator is an indicator prepared by the OECD. It is intended to be used to identify early turning points in the business cycle in a given country, however, as the OECD claims, not for quantitative forecasts.

The OECD selects the key components of the index separately for each country. In the case of Poland, the following are taken into account: the real effective exchange rate, the WIBOR 3M rate, and also provided by the Central Statistical Office: the economic situation in the processing industry, the number of jobs offered, and the dynamics of coal production.

(PAP)