NEW YORK, Dec. 14, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico increased 0.7 percent in October to 99.6 (2010 = 100), following a 0.5 percent increase in September, and a 1.6 percent decline in August.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.3 percent in October to 117.6 (2010 = 100), following a 0.3 percent increase in September, and a 0.5 percent increase in August.
The LEI for Mexico increased in October for a second consecutive month. However, its six-month change remains negative with widespread weaknesses among its components. At the same time, the CEI continues to grow at a relatively steady pace. Despite the small improvements in both the LEI and CEI, the persistent weaknesses among the leading indicators over the last six months continue to suggest that Mexico's rate of economic expansion is unlikely to pick up in the 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.
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
NOTE: Next month's data release will incorporate annual benchmark revisions to the composite economic indexes, which bring them up-to-date with revisions in the source data. These revisions do not change the cyclical properties of the indexes. The indexes are updated throughout the year, but only for the previous six months. Data revisions that fall outside of the moving six-month window are not incorporated until the benchmark revision is made and the entire histories of the indexes are recomputed. As a result, the revised indexes, in levels and month-on-month changes, will not be directly comparable to those issued prior to the benchmark revision.
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.
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Summary Table of Composite Indexes
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2015
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6-month
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Aug
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Sep
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Oct
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Apr to Oct
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Leading index
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98.4
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r
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98.9
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r
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99.6
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p
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Percent Change
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-1.6
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r
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0.5
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r
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0.7
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p
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-2.9
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p
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Diffusion
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25.0
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r
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41.7
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83.3
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25.0
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Coincident Index
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117.0
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117.3
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r
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117.6
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p
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Percent Change
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0.5
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0.3
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0.3
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p
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1.7
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p
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Diffusion
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100.0
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100.0
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100.0
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100.0
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n.a. Not available p Preliminary r Revised
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Indexes equal 100 in 2010
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Source: The Conference Board All Rights Reserved
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-conference-board-leading-economic-index-lei-for-mexico-increased-300192275.html
SOURCE The Conference Board
