Global Leading Indicators

For Release 11:00 AM ET, August 19, 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.

The Conference Board Leading Economic Index^®(LEI) for Mexico contracted by 1.1% in July 2026 to 135.1 (2016=100), following a 1.5% decline in June. As a result, the LEI decreased by 1.5% over the six-month period between January 2026 and July 2026, more than reversing a 0.7% growth rate recorded over the previous six-month period.

The Conference Board Coincident Economic Index^® (CEI) for Mexico remained at 119.1 (2016=100) in July, after recording a 0.4% increase in June. Overall, the CEI expanded by 0.9% over the six-month period between January 2026 to July 2026, a slightly faster rate compared to the 0.7% growth over the previous six-month period.

The next release is scheduled for Wednesday, September 16, 2026, at 11 A.M. ET.

The Mexico LEI continued to decline further in July

Driven mainly by weakness in non-financial components, including a decrease in crude oil prices which have supported the index over the last six months, as well as weakness in the opinion balance of manufacturing inventories

The annual growth rate of the LEI dipped slightly into negative territory in July, and if the decline continues, it will indicate softer economic activity ahead

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