Global Leading Indicators

The Conference Board Leading Economic Index^®(LEI) for South Korea decreased 0.9 percent in February 2022 to 106.7 (2016=100), after declining 0.9 percent in January 2022. Moreover, the LEI declined by 2.2 percent in the six-month period from August 2021 to February 2022.

The Conference Board Coincident Economic Index^® (CEI) for South Korea increased 1.5 percent in February 2022 to 108.2 (2016=100), following a 0.2 percent dip in January 2022. The CEI grew by 2.5 percent in the six-month period from August 2021 to February 2022.

“The LEI for South Korea declined in February reflecting rising recession risks in the economic outlook,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. “The broad-based weakness in the leading indicators did not yet reflect the impact of the war in Ukraine. The global economic effects of the war on supply chains and soaring energy, food, and metals prices are all likely to create additional headwinds to economic growth for South Korea.”

The South Korea LEI declined in February pointing to rising risks to economic growth in 2022

Recent trajectory of the South Korea LEI points to slower economic growth in 2022 and rising risks of recession

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.

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