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

Aug 13, 2015, 21:00 ET from The Conference Board

NEW YORK, Aug. 13, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Korea declined 0.2 percent in June to 109.5 (2010 = 100), following a 1.2 percent decline in May, and a 0.6 percent increase in April.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, was unchanged in June, remaining at 107.4 (2010 = 100), following a 0.4 percent decline in May, and a 0.1 percent decline in April.

The LEI for Korea decreased in June. Its six-month growth rate remains higher compared to six months ago, however, it has been moderating in recent months. Meanwhile, the CEI for Korea remained unchanged, but its six-month growth rate has turned slightly negative. Taken together, the behavior of both indexes suggests that Korea's economic expansion should continue, but the pace may be unlikely to accelerate in the near term.

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

Stock Prices
Value of Machinery Orders
Index of Inventories to Shipments
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


2015


6-month


Apr


May


Jun


Dec to Jun










Leading Economic Index (LEI)

111.0


109.7


109.5




  Percent Change

0.6


-1.2


-0.2


1.2


  Diffusion

66.7


33.3


41.7


66.7











Coincident Economic Index (CEI)

107.8

p

107.4

p

107.4

p



  Percent Change

-0.1

p

-0.4

p

0.0

p

-0.2

p

  Diffusion

50.0


25.0


75.0


50.0











n.a.  Not available     p  Preliminary     r  Revised







Indexes equal 100 in 2010









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SOURCE The Conference Board



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