INEGI: Leading Economic Indicator

INEGI: Leading Economic Indicator 0.0% in Sep v. Aug seas adj, ending 3mos of declines but unable to reverse; reinforces signs of double-dip

The stats agency's Leading Index, designed to track the business cycle, was flat at 0.06% in September on a seasonally adjusted basis, reversing three months of negative numbers that were pointing toward a double-dip recession.

A composite score of 100.9 indicates that the economy will continue to expand above its long-term potential over the next few months, but with a likelihood of slipping into a decelerating trend.

The LI is composed of six sub-indices: manufacturing employment, non-petroleum exports, the Bolsa, the peso, interest rates, and the S&P 500.