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

News provided by

Jun 24, 2013, 11:00 ET

NEW YORK, June 24, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico declined 0.7 percent in April to 126.6 (2004 = 100), following a 0.6 percent increase in March, and a 0.7 percent increase in February.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, declined 0.1 percent in April to 123.0 (2004 = 100), following a 0.3 percent increase in March, and no change in February.

The LEI for Mexico decreased in April. However, its six-month growth rate has been fairly steady and most of its components have been strengthening in recent months. Moreover, the CEI for Mexico has been flat since November 2012, partially reflecting earlier weakness in the LEI. Despite this month's declines, the composite indexes and their components suggest that the economy will continue to expand and that its growth rate may even pick up 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.

Summary Table of Composite Indexes
	2013			6-month
	Feb	Mar	Apr	Oct to Apr
Leading index	126.8 r	127.5 r	126.6
Percent Change	0.7 r	0.6 r	-0.7	2.5
Diffusion	58.3 r	66.7	33.3	83.3

Coincident Index	122.7	123.1 r	123.0
Percent Change	0.0 r	0.3 r	-0.1	0.2
Diffusion	33.3	100.0	33.3	33.3

n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2004
Source: The Conference Board All Rights Reserved