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A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Oct 17 2013

Korean Consumer Spending Prospects

Korean GDP has strengthened somewhat since late last year, but, so far, the major contribution to GDP growth has come from the volatile exports component. In contrast, the less volatile consumer spending contribution was quite small in the second quarter. For the upturn in GDP growth to be sustainable, consumer spending growth needs to pick up in the coming quarters.

ECRI’s Korean Long Leading Index helps clarify the growth prospects for consumer spending growth going forward.