The Conference Board Leading Economic Index®(LEI) for South Korea decreased by 1.0 percent in April 2022 to 106.9(2016=100), following a 1.0 percent gain in March 2022. Moreover, the LEI decreased by 1.0 percent in the six-month period from October 2021 to April 2022.
The Conference Board Coincident Economic Index® (CEI) for South Korea increased by 0.6 percent in April 2022 to 107.9 (2016=100), following a 1.3 percent decrease in March 2022. The CEI grew by 2.3 percent in the six-month period from October 2021 to April 2022.
“The LEI for South Korea fell in April reversing its March gain. As a result, the index remained essentially flat since February, pointing to a slow growth environment near term,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. “The leading economic indicators, including stock prices and bond yields, suggest the economic outlook, particularly for manufacturing, exports, and construction is volatile and uncertain. Disruptions to global supply chains, high inflation, and monetary policy tightening pose risks to economic growth for the economy.”
South Korea LEI reversed was essentially flat since February, pointing to slower growth ahead
The LEI points to slow economic growth amid increasing global risks that could lead to a recession in South Korea
About The Conference Board Leading Economic Index® (LEI) for South Korea: The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The indexes are constructed to summarize and reveal common turning points in the economy in a clearer and more convincing manner than any individual component. The CEI is highly correlated with real GDP. The LEI is a predictive variable that anticipates (or “leads”) turning points in the business cycle by 3 months. Shaded areas denote recession periods or economic contractions. The dates above the shaded areas show the chronology of peaks and troughs in the business cycle.
The six components of The Conference Board Leading Economic Index® for South Korea include: Stock Prices, Yield of Government Public Bonds, Exports FOB, Value of Machinery Orders, Index of Inventories to Shipments, Private Construction Orders.
To access data, please visit: https://data-central.conference-board.org/
About The Conference Board
The Conference Board is the member-driven think tank that delivers trusted insights for what’s ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org • Learn more about our mission and becoming a member
For further information contact:
Jonathan Liu
732.991.1754
JLiu@tcb.org
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