Daily News

View All News

Mexico indexes indicate economic growth unlikely to improve

April 20, 2015

Mexico’s economic expansion is unlikely to improve in the coming months, according to The Conference Board.

The leading economic index for Mexico was unchanged in February following sharp declines in the previous two months. Gains in oil and stock prices were offset by large negative contributions from net inefficient inventories, the construction component of industrial production and real exchange rate.

The Conference Board reported its leading economic index for Mexico held steady in February and now stands at 101.2 (2010=100). The leading index fell 1.5% in January and 3.4% in December, based on revised data. During the six-month span through February, the index fell 5.2%, substantially down from the 3.3% increase in the previous six months, according to The Conference Board.

Meanwhile, the coincident economic index for Mexico, a measure of current economic activity, continues on a modest upward trend. The CEI edged up 0.2% in February and now stands at 114.9 (2010=100). Two of the three components that comprise The Conference Board’s coincident economic index for Mexico — the number of people employed and retail sales — rose in February; industrial production declined in February.