Mexico's Leading Economic Index Soars

With all six components advancing, the Conference Board's leading economic index for Mexico rose 2.6% in June, the most recent month for which data are available. The index now stands at 152.1 (1990=100). In May, the index declined half a percentage point, and in April it increased 1.7%.

During the April through June quarter of 2005, Mexico's inflation-adjusted GDP advanced at a 5.4% annual rate, dramatically reversing the first quarter's 2.5% rate of decline. "The strength in the leading index in recent months suggests that this strong economic growth should continue in the near term," says the Conference Board, a New York-based business research group.

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