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South Korea's Leading Economic Index Slips

The index of leading economic indicators for South Korea compiled by the Conference Board decreased two-tenths of a percentage point in April, the most recent month for which data are available. The index now stands at 124.4 (1990=100).

The leading index for South Korea increased seven-tenths percent in March and fell 1.8% in February. For the six months through April, the index increased 2%.

The pattern of the leading index during recent months suggests that the South Korean economy should continue to grow for the next several months, perhaps faster than the 1.4% annual rate recorded in the first quarter of this year, says the Conference Board, a New York-based business research group.

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