NEW YORK, April 20, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico declined was unchanged in February at 101.2 (2010 = 100), following a 1.4 percent decrease in January, and a 3.4 percent decrease in December.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.2 percent in February to 114.6 (2010 = 100), following a 0.2 percent increase in December, and a 0.3 percent increase in November.
The LEI for Mexico held steady in February after declining sharply in the previous two months. Nevertheless, the six-month growth rate of the LEI remains in deep negative territory. Meanwhile, a moderate upward trend in the CEI continued through February. The persistent widespread weaknesses in the LEI suggest that Mexico's economy is unlikely to improve in the coming months.
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
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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.
SOURCE The Conference Board