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

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Nov 14, 2013, 08:00 ET

NEW YORK, Nov. 14, 2013 /PRNewswire/ --The Conference Board Leading Economic Index® (LEI) for Korea increased 0.6 percent in September to 120.5 (2004 = 100), following a 0.3 percent increase in August, and no change in July.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, declined 0.2 percent in September to 117.7 (2004 = 100), following a 0.5 percent increase in August and a 0.2 percent increase in July.

The LEI for Korea has increased in the last two months, but despite these improvements its six-month change remains in negative territory. Meanwhile, The CEI for Korea declined in September, but its six-month growth rate has improved compared to earlier this year. Taken together, the composite indexes and their components continue to suggest that the rate of economic growth is likely to ease in the months ahead and possibly into 2014.

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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Summary Table of Composite Economic Indexes
	2013					6-month
	Jul		Aug	Sep		Mar to Sep
Leading Economic index (LEI)	119.5		119.8	120.5
Percent Change	0.0		0.3	0.6		-0.9
Diffusion	28.6		57.1	64.3		14.3

Coincident Economic Index (CEI1)	17.3	p	117.9 p	117.7	p
Percent Change	0.2	p	0.5 p	-0.2	p	1.0	p
Diffusion	75.0		100.0	50.0		75.0

n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2004
Source: The Conference Board All Rights Reserved