OECD's leading indicators show S. Korean economy set for slowdown
- 6 years ago
Signs are pointing toward a gradual economic slowdown in South Korea.
According to the OECD on Monday, the composite leading indicator for South Korea marked 99-point-two for July,… zero-point-two point lower than the previous month.
The indicator is used by the OECD to predict a country's economic conditions six to nine months in the future.
The assessment is based on the performance of the nation's benchmark KOSPI and reports released by Bank of Korea and Statistics Korea.
A reading below 100 means an economy is in a downtrend.
South Korea's CLI has been falling for 16 months in a row now.
According to the OECD on Monday, the composite leading indicator for South Korea marked 99-point-two for July,… zero-point-two point lower than the previous month.
The indicator is used by the OECD to predict a country's economic conditions six to nine months in the future.
The assessment is based on the performance of the nation's benchmark KOSPI and reports released by Bank of Korea and Statistics Korea.
A reading below 100 means an economy is in a downtrend.
South Korea's CLI has been falling for 16 months in a row now.