The Conference Board Leading Economic Index® (LEI) for Mexico declined 0.1 percent in November to 105.6 (2010 = 100), following a 0.4 percent decline in October, and 0.7 percent decline in September.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.2 percent in November to 114.1 (2010 = 100), following a 0.3 percent increase in October, and a 0.4 percent increase in September.
The LEI for Mexico has been on a downward trend during the second half of 2014, mainly driven by rapidly falling oil prices. As a result, the six-month growth rate of the LEI has slowed significantly compared to the first half of 2014. Meanwhile, the slightly upward trend in the CEI for Mexico continued through November 2014. Despite steady growth in the CEI, growth in the LEI continues to slow, suggesting that the pace of Mexico's economic expansion is unlikely to accelerate in early 2015.
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