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

Dec 22, 2010, 11:00 ET from The Conference Board

NEW YORK, Dec. 22, 2010 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico increased 1.5 percent in October to 119.5 (2004 = 100), following a 0.3 percent increase in September, and a 0.5 percent increase in August.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.4 percent in October to 112.9 (2004 = 100), following a 0.4 percent increase in September, and a 0.4 percent increase in August.

The Conference Board LEI for Mexico has risen for the past four consecutive months, after declining modestly in the middle of 2010. Still, its six-month growth rate has slowed sharply from earlier this year. Meanwhile, The Conference Board CEI for Mexico, a measure of current economic activity, has continued to increase, although its six-month growth rate has gradually moderated. Taken together, the behavior of the composite indexes suggests that despite the recent volatility, the economy will continue to grow, but at a moderate pace 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







2010

6-month


Aug

Sep

Oct

Apr. to Oct






Leading index

117.3

117.7 r

119.5


   Percent Change

0.5 r

0.3 r

1.5

0.6

   Diffusion

75.0 r

41.7

58.3

66.7






Coincident Index

111.9

112.4 r

112.9


   Percent Change

0.4

0.4

0.4

2.0

   Diffusion

100.0

100.0

66.7

100.0






n.a. Not available    p Preliminary    r Revised

Indexes equal 100 in 2004

Source: The Conference Board All Rights Reserved








SOURCE The Conference Board



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