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

NEW YORK, Dec. 10, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index^® (LEI) for Korea increased 0.5 percent in October to 110.1 (2010 = 100), following a 1.3 percent increase in September, and a 1.0 percent decline in August.

At the same time, The Conference Board Coincident Economic Index^® (CEI) for Korea, a measure of current economic activity, increased 0.3 percent in October to 109.0 (2010 = 100), following a 0.7 percent increase in September, and a 0.3 percent increase in August.

The LEI for Korea has increased in the last two months, after declining in each of the previous four months. As a result, its six-month change remains in negative territory with more widespread weaknesses among its components. The CEI for Korea continues to improve, and its six-month growth rate has accelerated compared to earlier this year. Despite the recent monthly gains in the LEI, the six-month growth rate still remains negative, suggesting that economic activity might slow going into the new year.

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

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.

SOURCE The Conference Board

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