The Conference Board Leading Economic Index® (LEI) for Mexico decreased 0.2 percent in September to 124.6 (2004 = 100), following a 0.3 percent increase in August, and a 0.2 percent increase in July.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, was unchanged in September at 123.4 (2004 = 100), following a 0.2 percent increase in August and a 0.2 percent increase in July.
The LEI for Mexico declined in September after increasing and its six-month change has fallen deeper into negative territory. Meanwhile, the CEI for Mexico remained unchanged in September, and its six-month growth rate was slightly up compared to the first half of this year. Taken together, continued widespread weakness in the LEI in recent months suggests that economic activity is likely to remain subdued 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
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:
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||Aug||Sep||Mar to Sep|
|n.a. Not available p Preliminary r Revised|
|Indexes equal 100 in 2004|
|Source: The Conference Board All Rights Reserved|