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

NEW YORK, Jan. 18, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico declined 0.3 percent in November to 122.9 (2004 = 100), following a 0.2 percent decline in October, and a 0.2 percent increase in September.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.2 percent in November to 123.1 (2004 = 100), following a 0.1 percent increase in October, and a 0.2 percent increase in September.

The LEI for Mexico fell in November. However, its six-month growth rate, although still much slower than during the first half of 2012, has returned to positive territory for the first time since July. Moreover, the CEI for Mexico has continued increasing at a steady pace. Taken together, the composite indexes and their components suggest that the economy will continue to expand at around its current modest rate in the near term.

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.

Summary Table of Composite Indexes







 

2012

 

6-month


Sep

 Oct

Nov

May to Nov

Leading index

123.5

123.3

122.9


     Percent Change

0.2

-0.2

-0.3

0.2

     Diffusion

75.0

41.7

41.7

33.3






Coincident Index

122.7

122.8

123.1p


     Percent Change

0.2

0.1

0.2p

1.8p

     Diffusion

100.0

66.7

100.0

100.0






n.a. Not available      p Preliminary      r Revised

Indexes equal 100 in 2004

Source: The Conference Board       All Rights Reserved

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