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

NEW YORK, March 13, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Korea declined 1.0 percent in January to 121.2 (2004 = 100), following a 0.4 percent decrease in December, and a 0.2 percent increase in November.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, increased 0.8 percent in January to 118.2 (2004 = 100), following a 0.1 percent decrease in December, and a 0.3 percent increase in November.

The LEI for Korea has declined in the last two months, after improving for four consecutive months, but its six-month change remains in positive territory. Meanwhile, The CEI for Korea has been generally improving, and its six-month growth rate has accelerated. Taken together, the composite indexes and their components continue to suggest that the current rate of economic expansion is likely to 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:

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

 

Summary Table of Composite Economic Indexes


2013

6-month


Nov

Dec

Jan

Jul to Jan










Leading Economic Index (LEI)  

122.9

r  

122.4

r  

121.2




  Percent Change  

0.2

r  

-0.4

r  

-1.0


1.3


  Diffusion  

42.9

r  

28.6

r  

21.4


57.1











Coincident Economic Index (CEI)  

117.4

r  

117.3

p  

118.2

p



   Percent Change  

0.3


-0.1

p  

0.8

p  

1.6

p

   Diffusion  

75.0


75.0


100.0


75.0











n.a. Not available    p Preliminary    r Revised

Indexes equal 100 in 2004

Source: The Conference Board      All Rights Reserved

 

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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SOURCE The Conference Board

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