The Conference Board Leading Economic Index® (LEI) for Mexico declined 0.2 percent in August to 125.4 (2004 = 100), following no change in July, and a 1.8 percent increase in June.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.2 percent in August to 125.2 (2004 = 100), following a 0.2 percent increase in July, and a 0.4 percent increase in June.
The LEI for Mexico declined slightly in August and was flat in July, following sharp gains in the second quarter of this year. Nevertheless, its six-month growth rate continues to accelerate, with widespread strengths among the leading indicators. Meanwhile, the CEI for Mexico increased in August, and its six-month growth has also picked up. Taken together, the recent improvement in the growth of the LEI and CEI suggests that economic activity should continue to expand through the rest of the year, but an acceleration is unlikely.
