Snapshot for South Korea 12-month Smoothed Change in Leading Index (SKLILY)

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This index is 12-month Smoothed Change in Leading Index. This is derived by {(composite leading index divided by the same month of the previous year 12 month moving average of leading index)-1}*100. The index is to indicate economic trend in the near future. The index is calculated by 10 indicators which are used to forecast economy in advance. These are: Inventory Circulation Indicator, Consumer Expectation Index, Machinery Orders Received, Import of Capital Goods, Construction Orders Received, Net barter terms of trade, Opening-to-Application Ratio, Stock Price Index, Total Liquidity, Interest Rate Spread 3-year Treasury Bonds less Call Rate. 12-month Smoothed Change in Leading Index is derived by {(Composite Leading Index divided by the same month of the previous year 12 month moving average of leading index)-1}*100. For base year 1995=100, please see {SKLILYO Index }.