S. Korea data for November indicate optimism for economy: OECD
Arirang News
2020-12-13
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한국 OECD 경기선행지수 8개월째 상승…넉달째 확장국면
In a sign of an emerging economic recovery, South Korea's composite leading indicator, or CLI, has risen for an eighth consecutive month.
The CLI indicates the direction of the economy for the next six to nine months.
The figure for November, compiled by the OECD, came to 1-hundred-1-point-2, an increase from the month before of point-3-2 percent.
Among the 32 countries in the OECD, only South Korea and Norway have seen consecutive monthly increases since March.
Only a few other countries had CLIs over a hundred, indicating optimism, and the only ones with a figure equal to Korea's higher than Korea's... were Chile, Turkey and Switzerland.
In a sign of an emerging economic recovery, South Korea's composite leading indicator, or CLI, has risen for an eighth consecutive month.
The CLI indicates the direction of the economy for the next six to nine months.
The figure for November, compiled by the OECD, came to 1-hundred-1-point-2, an increase from the month before of point-3-2 percent.
Among the 32 countries in the OECD, only South Korea and Norway have seen consecutive monthly increases since March.
Only a few other countries had CLIs over a hundred, indicating optimism, and the only ones with a figure equal to Korea's higher than Korea's... were Chile, Turkey and Switzerland.
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