The Conference Board Leading Economic Index® (LEI) for Mexico declined 0.8 percent in June to 101.2 (2010 = 100), following a 0.6 percent decline in May, and no change in April.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.3 percent in June to 115.9 (2010 = 100), following no change in May, and a 0.3 percent increase in April.
The LEI for Mexico fell again in June, and has declined in four of the last six months. As a result, the six-month change in the LEI remains negative. However, the rate of decline has moderated considerably since the second half of last year. Meanwhile, the six-month growth rate of the CEI remains relatively steady. Taken together, the improvement in the six-month change in the LEI and the steady growth in the CEI suggest that Mexico's economic expansion will continue, however its rate of expansion is unlikely to pick up sharply for the remainder of this year.
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