The Conference Board Leading Economic Index® (LEI) for Korea Remains Unchanged
NEW YORK, Aug. 14, 2014 /PRNewswire/ — The Conference Board Leading Economic Index® (LEI) for Korea was unchanged in June, remaining at 122.3 (2004 = 100), following a 1.1 percent decline in May, and a 1.1 percent increase in April.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, increased 0.3 percent in June to 118.3 (2004 = 100), following a 0.5 percent decline in May, and a 0.1 percent decline in April.
Despite month-to-month volatility, the LEI for Korea has been relatively flat for the past three years and its six-month change remains weak. Meanwhile, the CEI for Korea increased in June, and its six-month growth rate has slowed moderately compared to earlier this year. Taken together, the stagnation in the LEI and slow recovery in the CEI continue to suggest that the current modest rate of economic growth is likely to persist through the second half of 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:
Value of Machinery Orders
Letter of Credit Arrivals
Index of Inventories to Shipments
Yield of Government Public Bonds
Private Construction Orders
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For more information about The Conference Board global business cycle indicators:
Summary Table of Composite Economic Indexes 2014 6-month Apr May Jun Dec to Jun --- --- --- ---------- Leading Economic Index (LEI) 123.6 122.3 r 122.3 Percent Change 1.1 r -1.1 r 0.0 0.0 Diffusion 64.3 r 42.9 r 71.4 71.4 Coincident Economic Index (CEI) 118.5 p 117.9 p 118.3 p Percent Change -0.1 p -0.5 p 0.3 p 0.8 p Diffusion 50.0 25.0 75.0 75.0 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.
SOURCE The Conference Board