The slowing growth rate of the leading economic index for Mexico suggests economic expansion should continue into early 2015, but an acceleration in the pace of growth is unlikely, according to The Conference Board.

The organization reported its leading economic index for Mexico fell sharply in September following moderate declines in the previous two months. The leading index fell 1.3 percent in September and now stands at 123.8 (2004=100). The leading index edged down 0.2 percent in August and 0.1 percent in July, based on revised data.

However, during the six-month span through September, the index increased 2.1 percent, a reversal from the 2.0 percent decline for the previous six months, according to The Conference Board.

The coincident economic index continued to edge up. The coincident economic index rose 0.4 percent in September and now stands at 125.6 (2004=100). All three components that make up The Conference Board coincident economic index for Mexico — the number of people employed, retail sales and industrial production — rose in September.