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

NEW YORK, Sept. 15, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico declined 1.6 percent in July to 99.5 (2010 = 100), following a 0.7 percent decline in June, and a 0.9 percent decline in May.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.3 percent in July to 116.3 (2010 = 100), following a 0.3 percent increase in June, and no change in May.

The LEI for Mexico continued its downward trend through July, with widespread weaknesses among its components. The six-month change in the LEI remains negative, but the rate of decline seems to have stabilized. Meanwhile, the six-month growth rate of the CEI remains relatively steady. Despite the sharp decline in the LEI in July, its six-month rate of decline has not intensified in recent months, suggesting that the current rate of economic expansion in Mexico is likely to continue through the end of this year. 

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