The Conference Board Leading Economic Index® (LEI) for Mexico Increases
NEW YORK, Feb. 24, 2012 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico increased 0.2 percent in December to 120.4 (2004 = 100), following a 1.2 percent increase in November, and a 0.2 percent decline in October.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, decreased 0.5 percent in December to 117.6 (2004 = 100), following a 0.6 percent increase in November, and a 0.5 percent increase in October.
The Conference Board LEI for Mexico increased in the past two months after declining in the third quarter of 2011, but its six-month growth rate remained negative. Meanwhile, The Conference Board CEI for Mexico continued on the upward trend that started in mid-2009, but its six-month growth rate has moderated compared to the first half of the year. Taken together, the behavior of the composite indexes suggests that although economic activity will continue to expand, the rate of growth is likely to be more moderate 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.
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Summary Table of Composite Indexes |
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2011 |
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6-month |
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||||
|
Oct |
|
Nov |
|
Dec |
|
Jun to Dec |
|
|
|
|
|
|
|
|
|
|
Leading index |
118.8 |
r |
120.2 |
r |
120.4 |
|
|
|
Percent Change |
-0.2 |
r |
1.2 |
r |
0.2 |
|
-0.4 |
|
Diffusion |
58.3 |
r |
75.0 |
|
58.3 |
|
75.0 |
|
|
|
|
|
|
|
|
|
|
Coincident Index |
117.5 |
r |
118.2 |
r |
117.6 |
p |
|
|
Percent Change |
0.5 |
r |
0.6 |
r |
-0.5 |
p |
1.8 |
p |
Diffusion |
100.0 |
|
100.0 |
|
50.0 |
|
100.0 |
|
n.a. Not available p Preliminary r Revised |
SOURCE The Conference Board
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