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

NEW YORK, Dec. 21, 2011 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico declined 0.5 percent in October to 118.4 (2004 = 100), following a 0.3 percent decline in September, and a 1.1 percent decline in August.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.3 percent in October to 117.0 (2004 = 100), following a 0.5 percent increase in September, and a 0.3 percent increase in August.

The Conference Board LEI for Mexico declined in October for a third consecutive month, and its six-month growth rate returned to negative territory as a result. Meanwhile, The Conference Board CEI for Mexico continued its gradual upward trend that started in mid-2009, and its six-month growth rate has remained relatively stable this year. Taken together, the behavior of the composite indexes suggests that economic activity will continue to expand, but near term risks of a slowdown remain.

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:

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.

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SOURCE The Conference Board

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