The Conference Board Leading Economic Index®(LEI) for South Korea increased by 1.0 percent in March 2022 to 108.0 (2016=100), after declining by 0.8 percent in February 2022. Moreover, the LEI decreased by 0.8 percent in the six-month period from September 2021 to March 2022.
The Conference Board Coincident Economic Index® (CEI) for South Korea increased by 0.4 percent in March 2022 to 108.5 (2016=100), following a 1.2 percent increase in February 2022. The CEI grew by 2.7 percent in the six-month period from September 2021 to March 2022.
“The LEI for South Korea Increased in March partially reversing two months of large declines,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. “The gain in the LEI for South Korea was driven primarily by firming in the contribution of the inventories to shipments ratio suggesting, an improving outlook for manufacturing and exports. However, the financial components of the LEI are already reflecting the global economic effects of the war in Ukraine which is likely to create additional headwinds to the economic outlook for South Korea.”
The South Korea LEI increased in March suggesting economic growth will continue in short-term, but the Ukraine crisis still poses downward risks
The recent trajectory of the South Korea LEI points to moderate economic growth while risks may be rising due to the COVID-19 and the war in Ukraine
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
PRESS RELEASE
LEI for the Global Economy Decreased in April and May
June 28, 2024
PRESS RELEASE
LEI for China Downshifted in May
June 26, 2024
PRESS RELEASE
LEI for India Rebounded in May
June 24, 2024
PRESS RELEASE
France Leading Economic Indicator
June 19, 2024
PRESS RELEASE
LEI for Australia Decreased in April
June 18, 2024
PRESS RELEASE
LEI for Mexico Decreased Again
June 17, 2024
All release times displayed are Eastern Time
Charts
Business cycle tracers are analytical tools to visualize where the economy is and where it is headed.
LEARN MOREThe Economy Stabilized in August but Outlook Remains Weak
September 27, 2023 | Report
China's Economic Recovery Continues to Stutter (Economy Watch: China View, June 2023)
June 30, 2023 | Report
Leading Economic Indicators and the Oncoming Recession
December 07, 2022 | Report
Gulf Region Proxy Leading and Coincident Indicators June 2022 (Data for March 2022)
June 30, 2022 | Report
The Evolving Economic Outlook for Europe
July 10, 2024 11:00 AM ET (New York)
Is a Global Recession on the Horizon?
July 13, 2022 11:00 AM ET (New York)