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.
www.conference-board.org