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

NEW YORK, Sept. 25, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico increased 0.2 percent in July to 124.4 (2004 = 100), following a 1.6 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 0.2 percent in July to 123.3 (2004 = 100), following no change in June and May.

The LEI for Mexico picked up slightly in July, however, its six-month growth rate has moved into negative territory for the first time this year. Moreover, the CEI for Mexico has increased slightly after being flat for the past two months. Taken together, the composite indexes and their components suggest that economic activity will continue to improve, but likely at a very slow pace through the end of 2013.

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

 


Summary Table of Composite Indexes




2013



 6-month


   May  


Jun  


  Jul

 Jan to Jul

Leading index

126.1

r

124.1

r

124.4


     Percent Change

-0.9

r

-1.6

r

0.2

-1.3

     Diffusion  

41.7

r

8.3


75.0

41.7








Coincident Index  

123.0

r

123.0


123.3


     Percent Change  

0.0


0.0

r

0.2

0.4

     Diffusion  

33.3


50.0


100.0

66.7








n.a. Not available

p Preliminary

r Revised





Indexes equal 100 in 2004







Source: The Conference Board

All Rights Reserved






 

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.

Follow The Conference Board
Twitter | Facebook | LinkedIn

SOURCE The Conference Board



RELATED LINKS
http://www.conference-board.org

More by this Source

Best of Content We Love 2014 


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.