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

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Jan 15, 2015, 08:00 ET

NEW YORK, Jan. 15, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index^® (LEI) for Korea declined 0.6 percent in November to 108.1 (2010 = 100), following a 0.4 percent increase in October, and a 0.7 percent increase in September.

At the same time, The Conference Board Coincident Economic Index^® (CEI) for Korea, a measure of current economic activity, increased 0.4 percent in November to 106.9 (2010 = 100), following a 0.1 percent decrease in October, and a 0.3 percent decline in September.

The LEI for Korea has increased in four out of the six most recent months, and has been on a slow upward trend since the beginning of last year. As a result, its six-month growth rate has improved with widespread strengths among its components. Meanwhile, The CEI for Korea improved in November, and its six-month growth rate has strengthened compared to the first half of 2014. Taken together, the composite indexes and their components continue to suggest that the rate of economic growth is likely to continue in the near term, with some potential for acceleration.

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 six components of The Conference Board Leading Economic Index^® for Korea include:

Stock Prices
Value of Machinery Orders
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
	2014						6-month
	Sep		Oct		Nov		May to Nov

Leading Economic Index (LEI)	108.3	r	108.7	r	108.1
Percent Change	0.7		0.4	r	-0.6		1.8
Diffusion	83.3		66.7	r	66.7		75.0

Coincident Economic Index (CEI)	106.6	p	106.5	p	106.9	p
Percent Change	-0.3	p	-0.1	p	0.4	p	0.9	p
Diffusion	50.0		50.0		75.0		75.0

n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2010
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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