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

NEW YORK, April 14, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Korea increased 0.1 percent in February to 121.2 (2004 = 100), following a 1.1 percent decline in January, and a 0.4 percent decline in December.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, increased 0.3 percent in February to 118.5 (2004 = 100), following a 0.7 percent increase in January and a 0.1 percent decline in December.

The LEI for Korea has been essentially flat for more than two years despite month-to-month volatility. Although the six-month change in the LEI remained positive in February, the rate of growth is down from the last quarter of 2013. Meanwhile, The CEI for Korea improved in February, and its six-month growth rate increased slightly. Taken together, the somewhat subdued growth in both the LEI and CEI in recent months continues to suggest that the rate of economic growth is unlikely to improve rapidly 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

2014

6-month


Dec

Jan

Feb

Aug to Feb










Leading Economic Index (LEI)  

122.4


121.1

r  

121.2




   Percent Change  

-0.4


-1.1

r  

0.1


1.2


   Diffusion  

14.3


21.4

r  

42.9


71.4











Coincident Economic Index (CEI)  

117.3

p  

118.1

p  

118.5

p



   Percent Change  

-0.1

p  

0.7

p  

0.3

p  

1.5

p

   Diffusion  

75.0


75.0


75.0


100.0











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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