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

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

NEW YORK, July 13, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Korea declined 1.2 percent in May to 109.7 (2010 = 100), following a 0.6 percent increase in April, and a 2.1 percent increase in March.

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

The LEI for Korea decreased in May, and as a result, its six-month growth rate has slowed compared to six months ago. Meanwhile, the CEI for Korea decreased slightly, and its six-month growth rate has also moderated. Taken together, the behavior of both indexes suggests that Korea's economic expansion should continue, but the pace may decelerate 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 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


Mar


Apr


May


Nov to May










Leading Economic Index (LEI)

110.3


111.0


109.7




  Percent Change

2.1

r

0.6


-1.2


1.5


  Diffusion

83.3

r

66.7


33.3


50.0











Coincident Economic Index (CEI)

107.9

p

107.8

p

107.4

p



  Percent Change

0.1

p

-0.1

p

-0.4

p

0.5

p

  Diffusion

50.0


50.0


25.0


75.0











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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