South Korea's Leading Economic Indicators Decline

Oct. 17, 2005
Following three consecutive monthly increases, the Conference Board's leading economic index for South Korea fell two-tenths of a percentage point in August, the most recent month for which data are available. The leading index now stands at 146.6 ...

Following three consecutive monthly increases, the Conference Board's leading economic index for South Korea fell two-tenths of a percentage point in August, the most recent month for which data are available. The leading index now stands at 146.6 (1990=100). The leading index had recently been growing at an annual rate of 4% to 5%.

South Korea's GDP, adjusted for inflation, grew at an annual rate of 5% in the second quarter of this year, more than three times the 1.6% annual rate recorded during the first quarter. "The recent behavior of the leading index is consistent with continued moderate economic growth in the near term," says the Conference Board, a New York-based business research group.

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