NEW YORK, Dec. 9, 2010 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Korea increased 1.1 percent in October to 116.4 (2004 = 100), following a 0.8 percent increase in September, and a 0.8 percent decline in August.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, declined 0.2 percent in October to 112.5 (2004 = 100), following a 0.2 percent decline in September and a 0.3 percent decline in August.
The Conference Board LEI for Korea increased in both September and October, after declining for three consecutive months. As a result, its six-month growth rate has picked up slightly, although it is still well below that of early 2010. Meanwhile, The Conference Board CEI for Korea has decreased for the past three months, and its six-month growth rate has continued to slow. Taken together, the current behavior of the composite indexes and their components suggest that the weakness in current conditions may not last, but that economic growth will likely 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
Apr to Oct
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 All Rights Reserved
SOURCE The Conference Board