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SOURCE The Conference Board
NEW YORK, May 22, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico increased 0.7 percent in March to 127.9 (2004 = 100), following a 0.8 percent increase in February, and a 2.0 percent increase in January.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.2 percent in March to 122.9 (2004 = 100), following a 0.1 percent decline in February, and a 0.1 percent increase in January.
The LEI for Mexico has been increasing for the past four months, and its six-month growth rate has picked up significantly since the second half of 2012. Meanwhile, the CEI for Mexico edged up in March but its growth rate, although still positive, has been slowing in recent months. Taken together, the recent improvement in the LEI and its components suggests that economic expansion will continue, and the rate may even pick up slightly 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
About The Conference Board The Conference Board is an independent business membershipand research association working in the public interest. Our mission is unique: To provide the world's leading organizationswith 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.