South Korea's Leading Economic Index Rises

Following "an essentially flat period," the Conference Board's index of leading economic indicators for South Korea rose in November 2005, the most recent month for which figures are available. The six-tenths percent increase brings the index to 148.1 (1990=100).

"The behavior in the leading index in recent months suggests that although the strong economic growth reported in the third quarter of 2005 is unlikely to be sustained in the near term, the [South Korean} economy should continue to grow at a moderate but steady rate," says the Conference Board, a New York-based business research group. South Korea's inflation-adjusted GDP growth was at an annual rate of 8% during the third calendar quarter of last year.

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