The Conference Board Leading Economic Index® (LEI) for Korea declined in February to 108.1 (2010 = 100), following a 0.4 percent increase in January, and a 0.1 percent increase in December.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, increased 0.6 percent in February to 107.9 (2010 = 100), following a 0.3 percent decline in January, and a 0.5 percent increase in December.
The LEI for Korea declined in February, and while its six-month growth rate remains positive, it has slowed over the past several months. Meanwhile, The CEI for Korea increased, and the rate of its six-month change has accelerated compared to six months ago. Despite the improvement in the CEI growth, the moderating growth rate in the LEI suggests that the current modest pace of economic expansion is likely to continue in the near term.
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