The Conference Board Leading Economic Index® (LEI) for Mexico Declines
NEW YORK, Dec. 18, 2012 /PRNewswire/ — The Conference Board Leading Economic Index® (LEI) for Mexico declined 0.3 percent in October to 121.4 (2004 = 100), following a 0.2 percent increase in September, and a 0.2 percent decline in August.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.2 percent in October to 121.3 (2004 = 100), following a 0.2 percent increase in September, and a 0.4 percent increase in August.
The LEI for Mexico fell in October, and has declined in four of the last six months. As a result, its six-month change remains negative through this month. However, the CEI for Mexico increased slightly in October, and its six-month growth rate has been fairly robust throughout this year. Taken together, the composite indexes and their components suggest that the economy will continue to expand, but the rate of expansion will likely slow 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
U.S. Refiners’ Acquisition Cost of Domestic and Imported Crude Oil
Net Insufficient Inventories
Federal Funds Rate
Real Exchange Rate
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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.
Summary Table of Composite Indexes 2012 6-month Aug Sep Oct Apr to Oct --- --- --- ---------- Leading index 121.6 r 121.8 r 121.4 Percent Change -0.2 0.2 -0.3 -0.2 Diffusion 41.7 75.0 41.7 33.3 Coincident Index 120.9 r 121.1 r 121.3 Percent Change 0.4 r 0.2 0.2 1.7 Diffusion 100.0 83.3 66.7 100.0 n.a. Not available p Preliminary r Revised Indexes equal 100 in 2004 Source: The Conference Board All Rights Reserved
SOURCE The Conference Board