Search:
< Go Back

 

The Conference Board Leading Economic Index® (LEI) for Korea Unchanged

 

NEW YORK, March 15, 2012 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Korea was unchanged in January, at 119.7 (2004 = 100), following a 0.5 percent increase in December, and a 0.9 percent decline in November.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, increased 0.3 percent in January to 116.9 (2004 = 100), following a 0.3 increase in December, and a 0.2 percent increase in November.

The Conference Board LEI for Korea has been fluctuating around a moderate downward trend since the middle of last year, and its six-month growth rate has remained negative. Meanwhile, The Conference Board CEI for Korea has been rising since October 2011, but its six-month growth rate remains lower than the first half of last year. Taken together, the recent behavior of the composite indexes suggests that economic growth is likely to remain moderate in the near term, and that risk of a further slowing is rising.

About The Conference Board Leading Economic Index® (LEI) for Korea

The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading and coincident economic indexes are essentially composite averages of several individual leading or coincident indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.

The seven components of The Conference Board Leading Economic Index® for Korea include:

Stock Prices
Value of Machinery Orders
Letter of Credit Arrivals
Index of Shipments to Inventories
Export FOB
Yield of Government Public Bonds
Private Construction Orders

For more information including full press release and technical notes: http://www.conference-board.org/data/bcicountry.cfm?cid=6

For more information about The Conference Board global business cycle indicators: http://www.conference-board.org/data/bci.cfm

About The Conference Board

The Conference Board is an independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501(c)(3) tax-exempt status in the United States.  www.conference-board.org.

Summary Table of Composite Economic Indexes

 

 

 

 

 

 

 

 

 

 

2011

 

 

 

2012

 

6-month

 

 

Nov

 

Dec

 

Jan

 

Jul to Jan

 

Leading Economic index (LEI)

119.1

 

119.7

r

119.7

 

 

 

    Percent Change

-0.9

 

0.5

r

0.0

 

-0.7

 

    Diffusion

28.6

 

50.0

r

64.3

 

42.9

 

 

 

 

 

 

 

 

 

 

Coincident Economic Index (CEI)

116.3

p

116.6

p

116.9

p

 

 

    Percent Change

0.2

p

0.3

p

0.3

p

1.4

p

    Diffusion

87.5

 

75.0

 

75.0

 

75.0

 


n.a. Not available   p Preliminary   r Revised
Indexes equal 100 in 2004
Source: The Conference Board       All Rights Reserved

SOURCE The Conference Board

Back to top

RELATED LINKS
http://www.conference-board.org