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

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Jan 16, 2015, 11:00 ET

NEW YORK, Jan. 16, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico declined 0.1 percent in November to 105.6 (2010 = 100), following a 0.4 percent decline in October, and 0.7 percent decline in September.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.2 percent in November to 114.1 (2010 = 100), following a 0.3 percent increase in October, and a 0.4 percent increase in September.

The LEI for Mexico has been on a downward trend during the second half of 2014, mainly driven by rapidly falling oil prices. As a result, the six-month growth rate of the LEI has slowed significantly compared to the first half of 2014. Meanwhile, the slightly upward trend in the CEI for Mexico continued through November 2014. Despite steady growth in the CEI, growth in the LEI continues to slow, suggesting that the pace of Mexico's economic expansion is unlikely to accelerate in early 2015.

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.

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Summary Table of Composite Indexes
	2014				6-month
	Sep	Oct	Nov		May to Nov

Leading index	106.1	105.7	105.6	p
Percent Change	-0.7	-0.4	-0.1	p	0.1	p
Diffusion	41.7	8.3	41.7		66.7

Coincident Index	113.6	113.9	114.1	p
Percent Change	0.4	0.3	0.2	p	1.9	p
Diffusion	100.0	100.0	83.3		100.0

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