The leading indicator for September was located above its long-term trend, registering a value of 101.7 points, but with a decrease of 0.04 points in relation to August.
In this way, this indicator modified the upward trajectory that it had been observing in recent months. In August, the indicator showed a marginal decline of 0.003 points, for which there have been two months with descending results.
#SIC After 14 consecutive months of monthly advances, the Leading Indicator of the Mexican economy registered 2 months of setbacks (-0.003 pts in August and -0.037 in September 2021) to stand at 101.73 pts, above its long-term trend. pic.twitter.com/Xg8hn3yxS6
– Julio A. Santaella (@SantaellaJulio)
November 3, 2021
This index seeks to indicate in advance the turning points of the coincident indicator through the aggregation of other data that reflect expectations regarding the performance of the Mexican economy.
That is, it takes into account variables such as the employment trend in manufacturing, the business confidence indicator, the exchange rate, as well as the stock market indices of Mexico and the United States, in order to anticipate a change in behavior signals. of the Mexican economy.
These trends can be better observed once sufficient information is available on the real performance of the economy through indicators such as sales, economic activity, imports, employment, among others.
The coincident indicator shows a monthly moderation in August
The falls in the indicators of economic activity and retail sales, as well as slower growth in employment led to a moderation in the coincident indicator of the economic growth cycle, during August, compared to the previous month.
