The Conference Board Leading Economic Index® (LEI) for Mexico Declines - 21 News Now, More Local News for Youngstown, Ohio -

The Conference Board Leading Economic Index® (LEI) for Mexico Declines

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE The Conference Board

NEW YORK, May 23, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Mexico declined 0.2 percent in March to 120.7 (2004 = 100), following a 0.7 percent decline in February, and a 1.4 percent decline in January.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.2 percent in March to 122.9 (2004 = 100), following no change in February, and a 0.1 percent increase in January.

The LEI for Mexico has been declining since December of last year, and as a result its six-month change has fallen deeper into negative territory. Meanwhile, the CEI's growth has been rising slightly since the summer of last year. Despite the steady growth in the CEI, the persistent weakness in the LEI over the last six months suggests that the current moderate pace of economic activity is unlikely to accelerate in the near term.

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

For more information including full press release and technical notes:
http://www.conference-board.org/data/bcicountry.cfm?cid=8

For more information about The Conference Board global business cycle indicators:
http://www.conference-board.org/data/bci.cfm

About The Conference Board
The Conference Board is an independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with 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.

Follow The Conference Board
Twitter | Facebook | LinkedIn

 

Summary Table of Composite Indexes



2014


6-month  


Jan  

Feb  

Mar  

Sep to Mar  






Leading index

121.7 r

120.9 r

120.7


  Percent Change

-1.4

-0.7 r

-0.2

-2.5

  Diffusion

8.3

41.7

58.3

66.7






Coincident Index

122.7 r

122.7 r

122.9 p


  Percent Change

0.1 r

0.0 r

0.2 p

0.9 p

  Diffusion

100.0

66.7

66.7

66.7






n.a. Not available    p Preliminary    r Revised

Indexes equal 100 in 2004

Source: The Conference Board      All Rights Reserved

 

©2012 PR Newswire. All Rights Reserved.

  • More From wfmj.comMore>>

  • US: Russia 'created the conditions' for shoot-down

    US: Russia 'created the conditions' for shoot-down

    Wednesday, July 23 2014 12:33 AM EDT2014-07-23 04:33:53 GMT
    The Obama administration said Tuesday it would present data from the U.S. intelligence community laying out what's known about the Malaysia Airlines plane that was shot down in Ukraine.More >>
    Senior U.S. intelligence officials said Tuesday that Russia was responsible for "creating the conditions" that led to the shooting down of Malaysia Airlines Flight 17, but they offered no evidence of direct Russian...More >>
  • Airlines ban flights to Israel after rocket strike

    Airlines ban flights to Israel after rocket strike

    Tuesday, July 22 2014 7:42 PM EDT2014-07-22 23:42:54 GMT
    Israel bombed five mosques, a sports stadium and the home of the late Hamas military chief across the Gaza Strip early Tuesday, a Gaza police official said, as the U.N. chief and the U.S. secretary of state...More >>
    A Hamas rocket exploded Tuesday near Israel's main airport, prompting a ban on flights from the U.S. and many from Europe and Canada as aviation authorities responded to the shock of seeing a civilian jetliner shot...More >>
  • Ohio fair's butter cows named Scarlet and Grayce

    Ohio fair's butter cows named Scarlet and Grayce

    Tuesday, July 22 2014 6:51 PM EDT2014-07-22 22:51:37 GMT
    COLUMBUS, Ohio (AP) - Scarlet and Grayce. Those are the names of the traditional butter sculptures of a cow and calf at this year's Ohio State Fair. The names announced Tuesday by fair officials after a naming contest on Twitter are a play on the Ohio State University colors, scarlet and gray. Also presented Tuesday were other Ohio icons carved from butter, including a whitetail deer, paw paw fruit, carnation and spotted salamander. Two sculptors worked on this year's creations, crafting the...More >>
    COLUMBUS, Ohio (AP) - Scarlet and Grayce. Those are the names of the traditional butter sculptures of a cow and calf at this year's Ohio State Fair. The names announced Tuesday by fair officials after a naming contest on Twitter are a play on the Ohio State University colors, scarlet and gray. Also presented Tuesday were other Ohio icons carved from butter, including a whitetail deer, paw paw fruit, carnation and spotted salamander. Two sculptors worked on this year's creations, crafting the...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms