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

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Oct 14, 2015, 11:00 ET

NEW YORK, Oct. 14, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico declined 1.5 percent in August to 98.5 (2010 = 100), following a 1.1 percent decline in July, and a 0.8 percent decline in June.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.3 percent in August to 116.7 (2010 = 100), following a 0.3 percent increase in July, and a 0.3 percent increase in June.

The LEI for Mexico fell sharply again in August, its fifth consecutive monthly decline. The weaknesses among its components have also become widespread. As a result, the six-month change in the LEI remains negative, although the rate of decline is not as steep as in the beginning of the year. Meanwhile, the six-month growth rate of the CEI remains relatively steady. The LEI for Mexico continues on a downward trend, suggesting that Mexico's economic activity is unlikely to improve this year.

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

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
			2015				6-month
	Jun		Jul		Aug		Feb to Aug

Leading index	101.1		100.0	r	98.5	p
Percent Change	-0.8	r	-1.1	r	-1.5	p	-2.7	p
Diffusion	41.7	r	25.0		33.3		25.0

Coincident Index	116.0		116.4	r	116.7	p
Percent Change	0.3		0.3		0.3	p	1.5	p
Diffusion	66.7		83.3		100.0		100.0

n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2010
Source: The Conference Board All Rights Reserved