The Conference Board Leading Economic Index® (LEI) for Mexico Increases
NEW YORK, Feb. 25, 2013 /PRNewswire/ — The Conference Board Leading Economic Index® (LEI) for Mexico increased 0.7 percent in December to 123.9 (2004 = 100), following a 0.2 percent decline in November, and a 0.2 percent decline in October.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, decreased 0.2 percent in December to 122.6 (2004 = 100), following a 0.2 percent increase in November, and no change in October.
The LEI for Mexico rose in December and its six-month growth rate has picked up some momentum compared to the first half of 2012. The CEI for Mexico declined slightly this month, and its growth has moderated in the second half of 2012. Despite the improvement in the LEI, the recent trend in the composite indexes and their components suggests that the economy is likely to continue expanding, but the pace of its expansion is unlikely to pick up 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 Oct Nov Dec Jun to Dec Leading index 123.3 123.0r 123.9p Percent Change -0.2 -0.2r 0.7p 1.6p Diffusion 41.7 41.7 75.0 58.3 Coincident Index 122.6r 122.9r 122.6 Percent Change 0.0r 0.2 -0.2 0.9 Diffusion 50.0 83.3 33.3 33.3 n.a. Not available p Preliminary r Revised Indexes equal 100 in 2004 Source: The Conference Board All Rights Reserved
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