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SOURCE The Conference Board
NEW YORK, Feb. 26, 2014 /PRNewswire/ --The Conference Board Leading Economic Index® (LEI) for Mexico declined 0.2 percent in December to 123.3 (2004 = 100), following no change in November and a 0.1 percent decline in October.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.3 percent in December to 122.7 (2004 = 100), following a 0.3 percent increase in November, and a 0.1 percent increase in October.
The LEI for Mexico declined slightly in December, and has been relatively flat for the past several months. Its six-month growth, however, has picked up somewhat compared to the first half of 2013 and is now in positive territory. Meanwhile, the CEI for Mexico increased modestly again in December, and its six-month growth rate also accelerated in the second half of last year. Taken together, the slight pickup in the six-month growth in both the LEI and CEI suggests that the rate of economic activity is likely to improve in the first half of 2014.
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
About The Conference Board The Conference Board is an independent business membershipand research association working in the public interest. Our mission is unique: To provide the world's leading organizationswith 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.