The Conference Board Leading Economic Index® (LEI) for Mexico Increases - WOWK 13 Charleston, Huntington WV News, Weather, Sports

The Conference Board Leading Economic Index® (LEI) for Mexico Increases

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SOURCE The Conference Board

NEW YORK, July 14, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico increased 0.7 percent in May to 122.7 (2004 = 100), following a 0.8 percent increase in April and a 0.1 percent decline in March.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.4 percent in May to 124.2 (2004 = 100), following a 0.4 percent increase in April, and a 0.3 percent increase in March.

The LEI for Mexico increased in May for the second consecutive month. Although the six-month change in the index remains negative, the rate of decline has been easing rapidly from earlier this year. Meanwhile, the rate of growth in the CEI has continued to pick up, with widespread strengths among its components. Taken together, the recent improvement in both the LEI and the CEI suggests that the rate of economic expansion will likely 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

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












2014


6-month


Mar


Apr


May


Nov to May

Leading index

120.9


121.9

r

122.7




  Percent Change

-0.1


0.8

r

0.7


-0.8


  Diffusion  

75.0


91.7


75.0


58.3











Coincident Index  

123.2


123.7

r

124.2

p



  Percent Change  

0.3


0.4

r

0.4

p

1.5

p

  Diffusion  

66.7


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



 

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