Economic activity in Mexico is unlikely to improve in the coming months, according to The Conference Board.

The Conference Board’s leading economic index for Mexico fell in September for the fifth consecutive month. As a result, the six-month change in the leading economic index remains negative and the rate of decline has fallen deeper into negative territory.

The leading economic index for Mexico edged down 0.2% to 98.3 (2010=100) in September. This follows declines of 1.5% in August and 1.3% in July, based on revised data. During the six-month span through September, the index fell 4.2%.

Meanwhile, the six-month growth rate of The Conference Board’s coincident economic index for Mexico, a measure of current economic activity, rose slightly to 1.8% from 1.5%.

The index rose 0.3% in September and now stands at 117.4. This follows increases of 0.5% in August and 0.3% in July, based on revised data. All three components that comprise The Conference Board’s coincident economic index for Mexico — the number of people employed, industrial production and retail sales — rose in September.