Improvements in the six-month change in Mexico’s leading economic index and the country’s coincident economic index suggest Mexico’s economic expansion will continue, according to The Conference Board. However, its rate of expansion is unlikely to pick up sharply for the remainder of this year.

The Conference Board’s leading economic index for Mexico fell again in June, and has declined in four of the last six months. As a result, the six-month change in the leading economic index remains negative. However, the rate of decline has moderated considerably since the second half of last year. Meanwhile, the six-month growth rate of the coincident economic index remains relatively steady.

The leading economic index for Mexico fell 0.8% to 101.2 (2010=100) in June. The leading index fell 0.6% in May and was flat in April, based on revised data. During the six-month span through June, the index fell 1.4%. The leading economic index has declined in four of the last six months; as a result, the six-month change in the leading economic index remains negative.

Meanwhile, The Conference Board’s coincident economic index for Mexico, a measure of current economic activity, rose 0.3% in June and now stands at 115.9 (2010=100). The coincident economic index was unchanged in May and rose 0.3% in April. 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 June, while industrial production declined.