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

NEW YORK, Sept. 12, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Korea increased 0.1 percent in July to 119.0 (2004 = 100), following a 1.1 percent decline in June, and a 0.5 percent decrease in May.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, increased 0.2 percent in July to 117.3 (2004 = 100), following a 0.1 percent increase in June and a 0.1 percent decline in May.

The LEI for Korea increased slightly after declining in the last three months. However, its six-month change remains in negative territory, with widespread weaknesses among the leading indicators. Meanwhile, the CEI for Korea increased slightly again in July, but its six-month change also remains negative. Taken together, the recent weaknesses in both the LEI and CEI continue to suggest that the rate of economic expansion is likely to slow 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 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.

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Summary Table of Composite Economic Indexes



2013


6-month



May


Jun


Jul


Jan to Jul










Leading Economic index (LEI)


120.2



118.9



119.0






Percent Change


-0.5



-1.1



0.1



-1.5



Diffusion


35.7



14.3



42.9



28.6
















Coincident Economic Index (CEI)


117.0

r


117.1

p


117.3

p





Percent Change


-0.1

r


0.1

p


0.2

p


-0.3

p


Diffusion


25.0



62.5



75.0



50.0
















n.a. Not available      p Preliminary      r Revised

Indexes equal 100 in 2004

Source: The Conference Board          All Rights Reserved

 

SOURCE The Conference Board



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