NEW YORK, Oct. 13 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Korea declined 0.8 percent in August to 114.5 (2004 = 100), following a 0.7 percent decline in July, and a 0.3 percent decline in June.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, declined 0.1 percent in August to 112.9 (2004 = 100), following a 0.6 percent increase in July and a 0.1 percent decline in June.
The Conference Board LEI for Korea has declined for three consecutive months through August, and its six-month growth rate has fallen sharply -- to zero growth for the last six months. Meanwhile, The Conference Board CEI for Korea has been on a slightly rising trend despite monthly volatility, and its six-month growth rate has been fairly stable this year. Taken together, the current behavior of the leading economic index and its components suggest that economic growth will be modest 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:
Value of Machinery Orders
Letter of Credit Arrivals
Index of Shipments to Inventories
Yield of Government Public Bonds
Private Construction Orders
For more information including full press release and technical notes:
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
Feb to Aug
Leading Economic index (LEI)
Coincident Economic Index (CEI)
n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2004
Source: The Conference Board
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SOURCE The Conference Board