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

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Oct 24, 2013, 11:00 ET

NEW YORK, Oct. 24, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico increased 0.5 percent in August to 125.1 (2004 = 100), following a 0.2 percent increase in July, and a 1.5 percent decline in June.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.2 percent in August to 123.5 (2004 = 100), following a 0.2 percent increase in July and no change in June.

The LEI for Mexico increased in both July and August, but its six-month growth continued to slow and has become more negative. On the other hand, the CEI for Mexico increased slightly in August, and its six-month growth rate has picked up somewhat compared to the first half of this year. Despite the slight improvement in the growth of the CEI, continued widespread weakness in the LEI in recent months suggest that economic conditions are unlikely to improve considerably through the end of 2013.

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
	2013					6-month
	Jun		Jul		Aug	Feb to Aug

Leading Index	124.2	r	124.5	r	125.1
Percent Change	-1.5	r	0.2		0.5	-2.0
Diffusion	8.3	r	75.0		58.3	33.3

Coincident Index	123.1	r	123.3		123.5
Percent Change	0.0		0.2		0.2	0.7
Diffusion	50.0		100.0		66.7	100.0

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