Press Release: The Conference Board Leading Economic Index(R) (LEI) for Korea Declined
14 October 2015 - 2:30AM
Dow Jones News
The Conference Board Leading Economic Index(R) (LEI) for Korea
Declined
PR Newswire
NEW YORK, Oct. 13, 2015
NEW YORK, Oct. 13, 2015 /PRNewswire/ -- The Conference Board
Leading Economic Index(R) (LEI) for Korea declined 1.2 percent in
August to 107.9 (2010 = 100), following a 0.3 percent decline in
July, and a 0.2 percent decline in June.
At the same time, The Conference Board Coincident Economic
Index(R) (CEI) for Korea, a measure of current economic activity,
increased 0.2 percent in August to 107.9 (2010 = 100), following a
0.4 percent increase in July, and a 0.2 percent increase in
June.
The LEI for Korea decreased in August for the fourth consecutive
month. As a result, its six-month growth rate has slipped into
negative territory. Meanwhile, the CEI for Korea increased for the
third consecutive month but its six-month growth rate has
moderated. Taken together, the continued downward trend in the LEI
and the moderation of the CEI growth points to increased downside
risks to Korea's economic expansion in the near term.
About The Conference Board Leading Economic Index(R) (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(R) 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.
Summary Table of Composite Economic Indexes
2015 6-month
Jun Jul Aug Feb to Aug
------ ----- ----- ------------
Leading Economic Index (LEI) 109.5 r109.2 r107.9
Percent Change -0.2 -0.3 -1.2 -0.1
Diffusion 41.7 25.0 16.7 50.0
Coincident Economic Index (CEI) 107.3 p107.7 p107.9 p
Percent Change 0.2 p0.4 p0.2 p0.1 p
Diffusion 75.0 75.0 100.0 37.5
n.a. Not
available p Preliminary r Revised
Indexes equal 100 in 2010
Source: The Conference Board All Rights Reserved
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visit:http://www.prnewswire.com/news-releases/the-conference-board-leading-economic-index-lei-for-korea-declined-300159194.html
SOURCE The Conference Board
/Web site: http://www.conference-board.org
(END) Dow Jones Newswires
October 13, 2015 21:15 ET (01:15 GMT)
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