The Mexican economy declined in June for the third consecutive month, with a large negative contribution from the real exchange rate (inverted), net insufficient inventories and the construction component of industrial production, according to The Conference Board’s leading economic index for Mexico. The index’s six-month growth rate also decreased.

The index declined 1.8 percent in June to a reading of 123.2 (2004=100) from May’s revised reading of 125.4, The Conference Board reported. None of the six components that comprise the index increased in June.

The index fell 0.3 percent in the six-month period ending in June. 

The coincident economic index for Mexico edged down 0.1 percent in June and stands at 123.0 (2004=100).