Growing Global

South Korea’s economic indicators took a big tumble in October, the Leading Index dropping 2.9% and the Coincident Index falling 0.7%, and the South Korean central bank responded to the bad economic news with a 1% drop in key interest rate targets. With a 0.7% decline in September and a 2.3% drop in August, this puts the Leading Index down a cumulative 5.9% in just three months.

Korean Economic Indicators At a Glance

• Leading Index: Down 2.9%
• Coincident Index: Down 0.7%
• Improved Leading Indicators: 3
• Worsened Leading Indicators: 4
• Improved Coincident Indicators: 1
• Worsened Coincident Indicators: 1
• Unchanged Coincident Indicators: 2

Technorati Tags: Korea, Korean, economy, economic indicators, leading index

The Leading Index for Korea Declined 2.9 Percent
Dec. 10, 2008