The Conference Board’s leading economic index for Mexico fell for the fourth consecutive month, edging down 0.2 percent in March, the organization reported. The leading index now stands at 120.7 (2004=100). The leading index fell 0.7 percent in February.

Over the six-month span through March, the index decreased 2.5 percent, roughly matching the rate of decline for the previous six months. However, the strengths among the leading indicators have been more widespread than the weaknesses over the past six months.

The Conference Board coincident economic index from Mexico edged up 0.2 percent in March. The CEI now stands at 122.9 (2004=100). Two of the three components that make up The Conference Board CEI for Mexico — the number of people employed and industrial production — increased in March, while retail sales declined.

Despite the steady growth in the CEI, the persistent weakness in the LEI over the last six months suggests that the current moderate pace of economic activity is unlikely to accelerate in the near term, according to The Conference Board.