The Conference Board Leading Economic Index® (LEI) for Mexico increased 0.2 percent in July to 124.4 (2004 = 100), following a 1.6 percent decline in June, and a 0.9 percent decline in May.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Mexico, a measure of current economic activity, increased 0.2 percent in July to 123.3 (2004 = 100), following no change in June and May.

The LEI for Mexico picked up slightly in July, however, its six-month growth rate has moved into negative territory for the first time this year. Moreover, the CEI for Mexico has increased slightly after being flat for the past two months. Taken together, the composite indexes and their components suggest that economic activity will continue to improve, but likely at a very slow pace through the end of 2013.