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Mexico indexes indicate economy to improve, but no increase in pace

September 23, 2014

Recent gains in both the leading economic index and the coincident economic index in Mexico suggest economic activity should continue to expand but the pace is unlikely to accelerate further in the near term, according to The Conference Board.

The organization reported its leading economic index for Mexico rose in July for the fifth consecutive month. The leading index edged up 0.1 in July and now stands at 126.0 (2004=100). The leading index rose 1.8 percent in June and 1.1 percent in May, based on revised data.

During the six-month span through July, the index increased 3.4 percent, a reversal from the 1.2 percent decline for the previous six months, according to The Conference Board.

The coincident economic index also continued to edge up. The coincident economic index rose 0.2 percent in July and now stands at 124.6 (2004=100). Two of the three components that make up The Conference Board coincident economic index for Mexico — the number of people employed and industrial production — rose in July, while retail sales remained unchanged in July.