Mexico Leading Index Rises For Second Month

The leading index for Mexico, which measures the future economic activity, increased for the second straight month in October, figures from the Conference Board showed Monday. The Conference Board leading economic index climbed 0.7 percent in October, following a revised 0.5 percent rise in the prior month. In August, the index had fallen 1.6 percent. Out of the six components, five c‪#‎forex_demotivator‬ontributed positively to the index in October. The coincident index that reflects the current economic activity rose 0.3 percent in October, the same rate of increase as in September. All three components gained during the month. Despite the small improvements in both the LEI and CEI, the persistent weaknesses among the leading indicators over the last six months continue to suggest that Mexico's rate of economic expansion is unlikely to pick up in coming months, the Conference Board said.

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