Composite Leading Indicator for Poland down in July - OECD

The Composite Leading Indicator (CLI) for Poland fell by 1.27 percent year on year and rose by 0.15 percent month on month, to 98.51 points in July 2020, the Organisation for Economic Cooperation and Development (OECD) reported on Monday.

The CLI is designed to provide early signals of turning points in expansions and slowdowns (peaks and troughs) of economic activity. CLIs are calculated for thirty-three OECD countries, six non-member economies and eight zone aggregates. A country's CLI comprises a set of component series selected from a wide range of key short-term economic indicators mainly covered in the Main Economic Indicators (MEI) database.

A reading above 100 points signals economic expansion, while a level below 100 points indicates a slowdown.