Global Leading Indicators

For Release 11:00 AM ET, June 24, 2026

Using the Composite Indexes: The Leading Economic Index (LEI) provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term. The Coincident Economic Index (CEI) provides an indication of the current state of the economy. Additional details are below.

This month’s release of the composite economic indexes incorporates annual benchmark revisions which bring them up-to-date with revisions in the source data. These revisions do not change the cyclical properties of the indexes. The indexes are updated throughout the year, but only for the previous six months. Data revisions that fall outside of the moving six-month window are not incorporated until the benchmark revision is made and the entire histories of the indexes are recomputed. As a result, the revised indexes, in levels and month-on-month changes, will not be directly comparable to those issued prior to the benchmark revision.

 The Conference Board Leading Economic Index^®(LEI) for Mexico declined by 0.6% in May 2026 to 139.4 (2016=100), reversing a 0.6% increase in April. However, overall, the LEI expanded by 2.5% over the six-month period between November 2025 to May 2026, a substantially faster rate compared to the 0.7% growth over the previous six-month period between May and November 2025.

The Conference Board Coincident Economic Index^® (CEI) for Mexico ticked up by 0.3% in May 2026 to 118.7 (2016=100), after a similar increase in April. The CEI expanded by 0.9% over the six-month period between November 2025 to May 2026, a slightly higher rate compared to the 0.7% growth over the previous six-month period.

The next release is scheduled for Friday, July 17, 2026, at 11 A.M. ET.

The Mexico LEI declined in May

Driven mainly by weakness in opinion balance of manufacturing industries, which also has been the largest negative contributor to the index in the past six months

The annual growth rate of the LEI inched down but remained strong in May, still suggesting growth in economic activity

The composite business cycle indexes pre- and post- benchmark revisions: 1980-present

About The Conference Board Leading Economic Index® (LEI) and Coincident Economic Index® (CEI) for Mexico
The composite economic indexes are key elements in an analytic system designed to signal peaks and troughs in the business cycle. Comprised of multiple independent indicators, the indexes are constructed to summarize and reveal common turning points in the economy in a clearer and more convincing manner than any individual component.

The CEI reflects current economic conditions and is highly correlated with real GDP. The LEI is a predictive tool that anticipates—or “leads”—turning points in the business cycle by around five months.

The six components of the Leading Economic Index® for Mexico are:

• Industrial Production (Construction)
• Stock Prices
• Petroleum Exports: Crude (US$/Barrel)
• Manufacturing Inventories (Opinion Balance)
• Federal Funds, Money Market Rate
• Real Exchange Rate

The three components of the Coincident Economic Index® for Mexico are:

• Industrial Production
• Retail Sales
• Employment, IMSS Beneficiaries

To access data, please visit: https://data-central.conference-board.org/

About The Conference Board

The Conference Board is the Member-driven think tank that delivers Trusted Insights for What's Ahead^®®. Founded in 1916, we are a non-partisan, not-for-profit organization holding 501 (c) (3) tax-exempt status in the United States. TCB.org  l  Learn about Membership