The Conference Board Leading Economic Index® (LEI) for Mexico declined was unchanged in February at 101.2 (2010 = 100), following a 1.4 percent decrease in January, and a 3.4 percent decrease in December.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.2 percent in February to 114.6 (2010 = 100), following a 0.2 percent increase in December, and a 0.3 percent increase in November.
The LEI for Mexico held steady in February after declining sharply in the previous two months. Nevertheless, the six-month growth rate of the LEI remains in deep negative territory. Meanwhile, a moderate upward trend in the CEI continued through February. The persistent widespread weaknesses in the LEI suggest that Mexico's economy is unlikely to improve in the coming months.