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

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Jun 20, 2014, 11:00 ET

NEW YORK, June 20, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico increased 0.9 percent in April to 122.0 (2004 = 100), following a 0.1 percent decline in March, and a 1.6 percent decline in February.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.3 percent in April to 123.6 (2004 = 100), following a 0.3 percent increase in March, and no change in February.

The LEI for Mexico increased in April following declines in the previous four months. The six-month change in the index remains negative, but the rate of decline is moderating. Meanwhile, the rate of growth in the CEI has continued to pick up. Although it may be too early to predict an acceleration in the rate of economic expansion, the improvement in both the LEI and the CEI over the last six months suggests that downside risks are diminishing.

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.

SOURCE The Conference Board