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

NEW YORK, Aug. 17, 2015 /PRNewswire/ --The Conference Board Leading Economic Index® (LEI) for Mexico declined 0.8 percent in June to 101.2 (2010 = 100), following a 0.6 percent decline in May, and no change in April.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.3 percent in June to 115.9 (2010 = 100), following no change in May, and a 0.3 percent increase in April.

The LEI for Mexico fell again in June, and has declined in four of the last six months. As a result, the six-month change in the LEI remains negative. However, the rate of decline has moderated considerably since the second half of last year. Meanwhile, the six-month growth rate of the CEI remains relatively steady. Taken together, the improvement in the six-month change in the LEI and the steady growth in the CEI suggest that Mexico's economic expansion will continue, however its rate of expansion is unlikely to pick up sharply for the remainder of this year.

About The Conference Board Leading Economic Index® (LEI) for MexicoThe 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 ComponentStock PricesU.S. Refiners' Acquisition Cost of Domestic and Imported Crude OilNet Insufficient InventoriesFederal Funds RateReal 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 BoardThe 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.

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SOURCE The Conference Board