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

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Dec 11, 2014, 08:00 ET

NEW YORK, Dec. 11, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Korea increased 0.2 percent in October to 122.2 (2004 = 100), following a 0.7 percent increase in September, and a 0.1 percent increase in August.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, fell 0.2 percent in October to 117.8 (2004 = 100), following a 0.3 percent decrease in September, and a 0.1 percent increase in August.

Despite recent improvements in The Conference Board LEI for Korea, the rate of decline in its six-month growth rate has deepened and the weaknesses among its components have become much more widespread. Taken together, the negative growth rate of the LEI and the weak performance of its components suggest that the pace of economic growth is unlikely to pick up momentum 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

	2014						6-month
	Aug		Sep		Oct		Apr to Oct

Leading Economic Index (LEI)	121.1	p	122.0	p	122.2	p
Percent Change	0.1	p	0.7	p	0.2	p	-1.1	p
Diffusion	64.3	p	85.7	p	57.1	p	42.9


Coincident Economic Index (CEI)	118.4	r	118.0	p	117.8	p
Percent Change	0.1		-0.3	p	-0.2	p	-0.1	p
Diffusion	50.0		37.5		50.0		50.0

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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SOURCE The Conference Board