Global Leading Indicators

For Release 11:00 AM ET, July 17, 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 2.1% in June 2026 to 135.9 (2016=100), following a 1.0% decline in May. Overall, the LEI decreased by 0.4% over the first half of 2026, more than reversing a 0.3% growth recorded over the second half of 2025.

The Conference Board Coincident Economic Index^® (CEI) for Mexico rose by 0.4% in June 2026 to 119.1 (2016=100), after a 0.2% increase in May. As a result, the CEI expanded by 0.8% over the six-month period between December 2025 to June 2026, a slightly slower rate compared to the 1.1% growth over the previous six-month period.

The next release is scheduled for Wednesday, August 19, 2026, at 11 A.M. ET.

The Mexico LEI declined significantly in June

Driven mainly by a drop in crude oil prices, which has 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 June, 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