The Conference Board Leading Economic Index® (LEI) for Mexico Declined

NEW YORK, July 17, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico declined 0.4 percent in May to 102.0 (2010 = 100), following a 0.2 percent decline in April, and a 1.5 percent increase in March.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, was unchanged in May, remaining at 115.6 (2010 = 100), following a 0.3 percent increase in April, and a 0.3 percent increase in March.

The LEI for Mexico fell in May, and has declined in five of the last six months. As a result, the six-month change in the LEI remains negative. Meanwhile, the six-month growth rate of the CEI has moderated from the second half of last year. The widespread weakness in the LEI and the slower growth in the CEI suggest that Mexico's economy will continue struggling to gain traction in the second half of 2015.

About The Conference Board Leading Economic Index® (LEI) for Mexico The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading and coincident economic indexes are essentially composite averages of several individual leading or coincident indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.

The six components of The Conference Board Leading Economic Index® for Mexico include:

Industrial Production, Construction Component Stock Prices U.S. Refiners' Acquisition Cost of Domestic and Imported Crude Oil Net Insufficient Inventories Federal Funds Rate Real Exchange Rate

For more information including full press release and technical notes: http://www.conference-board.org/data/bcicountry.cfm?cid=8

For more information about The Conference Board global business cycle indicators: http://www.conference-board.org/data/bci.cfm

About The Conference Board The Conference Board is an independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.  www.conference-board.org.

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SOURCE The Conference Board