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Article: The Leading Index for Korea Declined 0.7 Percent
- Article from:
- Targeted News Service
- Article date:
- November 12, 2008
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The Conference Board issued the following news release:
The Conference Board announced today that the leading index for Korea declined 0.7 percent and the coincident index declined 0.4 percent in September.
* The leading index fell again in September, its fourth decline in the past five months. The value of machinery orders, private construction orders, the stock price index, and the yield of government public bonds contributed negatively to the index this month, more than offsetting the large increase in the letters of credit arrivals component. Since March, the leading index has declined by 4.6 percent (about a -9.1 percent annual growth rate), well below the 0.1 percent increase between ...