The leading index for Mexico, which measures the future economic activity, remained unchanged in February, after declining sharply in the previous two months, figures from Conference Board showed Tuesday.
The Conference Board leading economic index showed no variations in February, following a revised 1.4 percent decrease in January.
Out of the six components, two contributed positively to the index in February. Gains in oil and stock prices were offset by large negative contributions from net inefficient inventories, the construction component of industrial production, and real exchange rate.
At the same time, the coincident index that reflects the current economic activity rose 0.2 percent in February, after increasing 0.3 percent in the prior month. Two of the three components gained in February.
The material has been provided by InstaForex Company – www.instaforex.com