A leading economic index for South Korea dropped 1.2 percent in May, the Conference Board said on Tuesday – following the 0.6 percent gain in April.
Large negative contributions from manufacturing machinery orders and real exports more than offset the positive contributions from private construction orders and stock prices.
Through the last six months, the leading economic index climbed 1.5 percent (about a 3.0 percent annual rate), moderately slower than its increase of 1.8 percent (about a 3.6 percent annual rate) during the previous six months.
The coincident index dipped 0.4 percent in May after slipping 0.1 percent in the previous month.
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