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Mexico leading index declines

March 17 2014

The Conference Board leading economic index for Mexico fell 0.8 percent in January, with widespread declines among its components, the organization reported. The leading index now stands at 122.5 (2004=100). The leading index had fallen 0.2 percent in December.

The LEI for Mexico has now declined for two consecutive months, following no change in October and November. Over the six-month span through January, the index decreased 0.6 percent. This compares with a 0.5 percent increase in the previous six-month period. 

The Conference Board coincident economic index from Mexico edged up 0.1 percent in January. Real gross domestic product in Mexico grew by 0.7 percent (annual rate) in the fourth quarter, down from 3.9 percent growth in the third quarter of 2013.

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