MOSCOW, Jul 9 (PRIME) -- Russia’s Composite Leading Indicator grew to 97.2 points in June from 92.7 in May, remaining below a 100 point no-change mark, which means an overall deterioration, the Organization for Economic Cooperation and Development (OECD) said on Thursday.
The Composite Leading Indicator (CLI) is a leading indicator for early signs of economic growth or decline for six to nine months ahead. It includes several indicators preceding changes in macroeconomic figures and can be used as a short-term economic development forecast.
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