The Conference Board Leading Economic Index(R) (LEI) for Mexico
Increases
PR Newswire
NEW YORK, Aug. 22, 2014
NEW YORK, Aug. 22, 2014 /PRNewswire/ -- The Conference Board
Leading Economic Index(R) (LEI) for Mexico increased 1.7 percent in
June to 125.7 (2004 = 100), following a 0.9 percent increase in May
and a 1.0 percent increase in April.
At the same time, The Conference Board Coincident Economic
Index(R) (CEI) for Mexico, a measure of current economic activity,
increased 0.3 percent in June to 124.6 (2004 = 100), following a
0.5 percent increase in May, and a 0.3 percent increase in
April.
The LEI for Mexico increased in June, for the fourth consecutive
month. As a result, its six-month growth has turned positive and is
largely improved compared to the second half of last year.
Meanwhile, the rate of growth in the CEI has continued to pick up
through the first half of this year, with very widespread strengths
among its components. Taken together, the continued improvement in
both the LEI and the CEI growth suggests that the rate of economic
expansion will likely pick up in the second half of 2014.
About The Conference Board Leading Economic Index(R) (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(R) 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
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
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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
2014 6-month
Apr May Jun Dec to Jun
------------ -------- -------- ------------
Leading index 122.5 r 123.6 r 125.7
Percent Change 1.0 r 0.9 r 1.7 1.9
Diffusion 91.7 r 91.7 83.3 75.0
Coincident Index 123.6 r 124.2 124.6 p
Percent Change 0.3 r 0.5 r 0.3 p 1.5 p
Diffusion 100.0 100.0 100.0 100.0
n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2004
Source: The Conference Board All Rights Reserved
SOURCE The Conference Board
/Web site: http://www.conference-board.org