Leading Economic Index in South Korea increased to 116.90 points in November from 116 points in October of 2019. Leading Economic Index in South Korea averaged 46.21 points from 1970 until 2019, reaching an all time high of 116.90 points in November of 2019 and a record low of 4.40 points in January of 1970. source: Statistics Korea (KOSTAT)
Leading Economic Index in South Korea is expected to be 114.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in South Korea to stand at 115.80 in 12 months time. In the long-term, the South Korea Leading Economic Index is projected to trend around 114.80 points in 2020, according to our econometric models.
South Korea Leading Economic Index
In South Korea, Leading Composite Index examines the overall economic situation, predicting the direction and speed of a turning point in the economy. The index integrates a set of selected major indices that reflect each part of economy: opening-to-application ratio, inventory circulation indicator, consumer expectation index, machinery orders received, import of capital goods, construction orders received, stock price index, total liquidity, interest rate spread, 3-year treasury bonds less call rate, net barter terms of trade. The index has a base value of 100 as of 2010.