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The Mexican economy is growing steadily

The Mexican economy is growing steadily

Posted by Ricardo Vázquez on October 20, 2014

The leading economic index and the coincident economic index for Mexico suggest economic activity should continue to expand through the rest of the year, but an acceleration is unlikely, according to The Conference Board.

The organization reported its leading economic index for Mexico fell slightly in August and was flat in July, following sharp gains in the second quarter of this year The leading index edged down 0.2 in August and now stands at 125.4 (2004=100). The leading index remained unchanged in July and increased 1.8 percent in June, based on revised data.

However, during the six-month span through August, the index increased 3.6 percent, a reversal from the 2.0 percent decline for the previous six months, according to The Conference Board.

The coincident economic index continued to edge up. The coincident economic index rose 0.2 percent in August and now stands at 125.2 (2004=100). All three components that make up The Conference Board coincident economic index for Mexico — the number of people employed, industrial production and retail sales — rose in August.

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