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

NEW YORK, July 28, 2011 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico declined 0.4 percent in May to 120.6 (2004 = 100), following a 0.7 percent increase in April, and a 0.8 percent increase in March.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.2 percent in May to 115.0 (2004 = 100), following no change in April, and a 0.4 percent increase in March.

The Conference Board LEI for Mexico fell in May, its second decline in the past four months. As a result, its six-month growth rate has slowed compared to the second half of last year, amid widespread weaknesses among its components. Meanwhile, The Conference Board CEI for Mexico, a measure of current economic activity, continued its general upward trend which started in mid-2009. However, its growth has also moderated in the last six months. Taken together, the behavior of the composite indexes continues to suggest that 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
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.

SOURCE The Conference Board

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