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The Conference Board Leading Economic Index (LEI) for Mexico declined 0.2 percent in September to 98.3 (2010 = 100), following a 1.5 percent decline in August, and a 1.3 percent decline in July.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.3 percent in September to 117.4 (2010 = 100), following a 0.5 percent increase in August, and a 0.3 percent increase in July.
The LEI for Mexico fell for the fifth consecutive month in September. As a result, the six-month change in the LEI remains negative and the rate of decline has fallen deeper into negative territory. At the same time, the CEI continues to grow at a relatively steady pace. Taken together, the marginal improvements in the CEI combined with the persistent declines in LEI suggest that Mexico's rate of economic expansion is unlikely to improve in coming months.
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.