The Conference Board's index of leading indicators for Mexico advanced three-tenths of a percentage point in May, the most recent month for which data are available. The index now stands at 160.5 (1990=100). May's increase follows two months of greater gains: 1% in April and 1.1% in March.
Mexico's GDP growth, adjusted for inflation, was at an annual rate of 6.9% during the first three months of this year. "The recent behavior of the leading index suggests that the [Mexican] economy is likely to grow at a moderate to strong rate in the near term," says the Conference Board, a New York-based business research group.
