NEW YORK, July 15, 2020 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico increased 2.9 percent in May 2020 to 99.1 (2016=100).
The Conference Board Coincident Economic Index® (CEI) for Mexico decreased 5.1 percent in May 2020 to 94.0 (2016=100).
NOTE: This month's release incorporates mid-year benchmark revisions to the composite economic indexes, which bring them up-to-date with revisions in the source data. These revisions do not change the cyclical properties of the indexes. In addition, the Net Insufficient Inventory component of The Conference Board Leading Economic Index for Mexico has been replaced with a new component Manufacturing Inventories, Opinion Balance from 2017:03 onwards. The old component has been replaced because the underlying source survey has been discontinued and replaced with a new survey, namely, the Monthly Survey of Regional Economic Activity from Bank of Mexico. In addition, the contribution calculation methodology for this component has been updated to be more consistent with other Global LEIs. The contributions of this component are now calculated from normalized levels of the series. The cyclical characteristics of the LEI are not impacted significantly. The indexes are updated throughout the year, but only for the previous six months. Data revisions that fall outside of the moving six-month window are not incorporated until the benchmark revision is made and the entire histories of the indexes are recomputed. As a result of these revisions, the revised indexes, in levels and month-on-month changes, will not be directly comparable to those issued prior to the benchmark revision. For more information, please visit our website at http://www.conference-board.org/data/bci.cfm or contact us at [email protected] |
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 updated data tables can be found by clicking here.
The 2020 data release schedule is available here.
For more information about The Conference Board global business cycle indicators, click here.
About The Conference Board
The Conference Board is the member-driven think tank that delivers trusted insights for what's ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.
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SOURCE The Conference Board
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