The Conference Board Leading Economic Index (LEI) for Mexico declined 1.8 percent in June to 123.2 (2004 = 100), following a 0.6 percent decline in May, and a 0.9 percent decline in April.

At the same time, The Conference Board Coincident Economic Index (CEI) for Mexico, a measure of current economic activity, declined 0.1 percent in June to 123.0 (2004 = 100), following no change in May and April.

The LEI for Mexico has been declining for three consecutive months, and its six-month growth rate has dipped slightly into the negative territory. However, the strengths among its components still remain widespread. Meanwhile, the CEI for Mexico has been virtually flat in the first half of 2013, with its six-month growth rate decelerating and weaknesses among its components widespread. Taken together, the recent declines in the LEI and CEI suggest that although the economy will continue to expand in the near-term, the rate of expansion is likely to be more modest.