NEW YORK, Oct. 20, 2014 /PRNewswire/ -- 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.

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.

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SOURCE The Conference Board