OECD leading index for Korea rises for 7th month in June

A leading economic index for Korea rose for the seventh consecutive month in June, reaching its highest level in three years and seven months, data showed Sunday, amid easing political uncertainty and expectations for government stimulus. The composite leading indicator (CLI) of economic activity for Korea came to 101.08 for June, up from 100.97 a month earlier, according to the data from the Organization for Economic Cooperation and Development (OECD). It marked the highest reading since November 2021, when the index stood at 101.09. The figure has been on an upward trend since December last year, following a four-month decline from August. The CLI gauges how an economy will fare six to nine months ahead, based on industrial output, gross domestic product, and housing and financial market conditions. Korea's CLI ranked second among OECD countries in June, trailing only Britain. It has held the No. 2 spot since March. The figure also surpassed the average CLI readings for the Group of 20 (100.50) and the Group of Seven (100.51) nations. Experts said the higher index reflects Korea's strongeWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times