The Conference Board Leading Economic Index® (LEI) for Korea increased 1.3 percent in December to 119.9 (2004 = 100), following a 0.9 percent increase in November, and a 1.2 percent increase in October.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, increased 0.6 percent in December to 114.5 (2004 = 100), following a 0.8 percent increase in November and a 0.2 percent decline in October.
The Conference Board LEI for Korea has risen for the past four months, and its six-month growth rate has rebounded recently. Meanwhile, The Conference Board CEI for Korea increased in the last two months after a three-month decline. Taken together, the current behavior of the composite indexes and their components suggest that moderate economic expansion should continue 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: 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|
|Oct||Nov||Dec||Jun to Dec|
|Leading Economic index (LEI)||117.4 r||118.4 r||119.9|
|Percent Change||1.2 r||0.9 r||1.3||2.7|
|Diffusion||71.4 r||78.6 r||78.6||71.4|
|Coincident Economic Index (CEI)||112.9 p||113.8 p||114.5 p|
|Percent Change||-0.2 p||0.8 p||0.6 p||1.5 p|
|n.a. Not available p Preliminary r Revised|
|Indexes equal 100 in 2004|
|Source: The Conference Board All Rights Reserved|
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