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

12 Nov, 2015, 20:00 ET from The Conference Board

NEW YORK, Nov. 12, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Korea increased 1.2 percent in September to 109.3 (2010 = 100), following a 1.1 percent decline in August, and a 0.2 percent decline in July.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, increased 0.6 percent in September to 108.7 (2010 = 100), following a 0.3 percent increase in August, and a 0.4 percent increase in July.

The LEI for Korea increased in September for the first time in five months. However, its six-month change has turned negative with widespread weaknesses among its components. Meanwhile, the CEI for Korea continues to increase modestly, but its six-month growth rate has slowed compared to earlier this year. Taken together, the composite indexes and their components suggest that Korea will most likely experience little, if any, improvement in economic activity 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


Jul


Aug


Sep


Mar to Sep










Leading Economic Index (LEI)

109.2


108.0

r

109.3




  Percent Change

-0.2

r

-1.1

r

1.2


-0.9


  Diffusion

25.0

r

16.7

r

66.7


33.3











Coincident Economic Index (CEI)

107.7

p

108.0

p

108.7

p



  Percent Change

0.4

p

0.3

p

0.6

p

0.8

p

  Diffusion

75.0


100.0


100.0


100.0











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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