Mexico's Leading Index Rises

May 20, 2005
The Conference Board's leading economic index for Mexico now stands at 147.5 (1990=100), having risen three-tenths of a percentage point in March, the most recent month for which data are available. However, in recent months the index's growth rate has ...

The Conference Board's leading economic index for Mexico now stands at 147.5 (1990=100), having risen three-tenths of a percentage point in March, the most recent month for which data are available. However, in recent months the index's growth rate has slowed to an annual rate of 1% to 3%, "well below the peak growth rate in late 2003 and early 2004, and the strength among the leading indicators has become less widespread," says the New York-based business research group.

"The slower growth rate of the leading index in recent months suggests that economic growth will continue in the near term, but at a slower rate than in 2004."

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