The Conference Board Leading Economic Index® (LEI) for Korea increased 0.5 percent in October to 110.1 (2010 = 100), following a 1.3 percent increase in September, and a 1.0 percent decline in August.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Korea, a measure of current economic activity, increased 0.3 percent in October to 109.0 (2010 = 100), following a 0.7 percent increase in September, and a 0.3 percent increase in August.
The LEI for Korea has increased in the last two months, after declining in each of the previous four months. As a result, its six-month change remains in negative territory with more widespread weaknesses among its components. The CEI for Korea continues to improve, and its six-month growth rate has accelerated compared to earlier this year. Despite the recent monthly gains in the LEI, the six-month growth rate still remains negative, suggesting that economic activity might slow going into the new year.