NEW YORK, March 24, 2011 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico increased 0.8 percent in January, to 119.5 (2004 = 100), following a 0.2 percent increase in December, and a 1.3 percent increase in November.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.4 percent in January to 113.7 (2004 = 100), following a 0.4 percent decrease* in December, and a 0.5 percent increase in November.
The Conference Board LEI for Mexico remains on an upward trend, and its six-month growth rate has continued to pick up in the past three months. Meanwhile, The Conference Board CEI for Mexico, a measure of current economic activity, has been essentially flat for the past several months, after rising steadily since the middle of 2009. Taken together, the behavior of the composite indexes suggests that, despite recent volatility, economic activity will expand 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
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:
For more information about The Conference Board global business cycle indicators:
*CORRECTION NOTICE: On March 23, 2011, a technical database error that affected one component of the CEI for Mexico in December 2010 was corrected. The component was number of people employed (measured by IMSS beneficiaries). As a result, the level and monthly change for December 2010 for the CEI was lower than initially reported on February 25, 2011. There were also smaller data revisions in the other components. However, the historical cyclical behavior of both the coincident economic index and the leading economic index was not affected by the database error or its correction.
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
Jul. To Jan
113.3 c, r
-0.4 c, r
n.a. Not available p Preliminary c Corrected r Revised
Indexes equal 100 in 2004
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SOURCE The Conference Board