From the Wires
The Conference Board Leading Economic Index® (LEI) for Korea Increases
By: PR Newswire
Nov. 15, 2012 08:00 PM
NEW YORK, Nov. 15, 2012 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Korea increased 1.2 percent in September to 120.0 (2004 = 100), following a 0.6 percent decline in August, and a 0.4 percent decline in July.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, increased 0.4 percent in September to 118.0 (2004 = 100), following a 0.3 percent decline in August and a 0.3 percent increase in July.
The LEI for Korea rebounded this month following five consecutive declines. However, its six-month growth rate remains negative. Meanwhile, The CEI for Korea also increased in September, and its six-month growth rate has become positive after briefly turning negative last month. Taken together, the composite indexes and their components continue to suggest that the rate of economic growth is likely to remain slow in the near term.
About The Conference Board Leading Economic Index® (LEI) for Korea
The seven components of The Conference Board Leading Economic Index® for Korea include:
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For more information about The Conference Board global business cycle indicators:
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