Tom Hanna's Lifestream

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 (more…)

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