Economic Index For Mexico Rises Again

ByJohn S. McClenahen The Conference Board's index of leading economic indicators for Mexico rose for the third consecutive month in October, the most recent month for which data are available. The gain was 1.5% in October, and the leading index now stands at 147.5 (1990=100), says the New York-based business research group. September's index gain was revised downward to 0.1%. "The pick up in the growth rate of the leading index in recent months suggests that the [Mexican] economy will continue growing in the near term, perhaps in between the first of the year's strong growth and the third quarter's sluggish growth."