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

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]