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

NEW YORK, July 12, 2012 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Korea declined 1.2 percent in May to 119.8 (2004 = 100), following a 0.1 percent decline in April, and a 1.5 percent decline in March.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, increased 0.6 percent in May to 118.1 (2004 = 100), following a 0.3 percent increase in April and a 0.8 percent decline in March.

The Conference Board LEI for Korea declined for the third consecutive month in May, but its six-month growth rate is still higher than during the second half of 2011. Meanwhile, The Conference Board CEI for Korea has increased in the last two months, and its six-month growth rate has been fairly steady since the third quarter of last year. Taken together, the recent behavior of the composite indexes suggests that despite the recent declines in the leading economic index, the economy is still likely to continue expanding 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 Shipments to Inventories
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.

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SOURCE The Conference Board

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