The Nationwide Institute of Statistics and Geography (INEGI) launched this Friday up to date info on the Cyclical Indicators System (SIC), September 2022, which reveals the efficiency of the nation’s economic system.
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The state company’s month-to-month report stated that “in September 2022, the Coincident Indicator was above its long-term development by presenting a price of 101 factors and a variation of 0.04 factors regarding August.” This confirmed that “the Coincident Indicator moderated the upward trajectory reported in earlier months.”
In accordance with the report, the decline or restoration of the Coincident Indicators doesn’t present a contraction or restoration of financial exercise however fairly signifies “the diploma of certainty concerning the course of financial exercise.”
“In October 2022, the Main Indicator was under its long-term development by registering a price of 99.5 factors and a lower of 0.15 factors in comparison with September.” This indicator confirmed “a decrease lower than that reported within the earlier month.”
En septiembre 2022, los indicadores compuestos del Sistema de Indicadores Cíclicos presentaron las siguientes variaciones (en puntos):
⬆️ 0.04, Coincidente (09/2022)
⬇️ 0.15, Adelantado (10/2022)��️ Sistema de Indicadores Cíclicos: https://t.co/xGNkXsASYR pic.twitter.com/sKzMfX7ggu
— INEGI INFORMA (@INEGI_INFORMA)
December 2, 2022
In September 2022, the composite indicators of the Cyclical Indicator System offered the next variations (in factors):
⬆️ 0.04, Coincident (09/2022).
⬇️ 0.15, Ahead (10/2022).
The financial cycle system consists of two kinds of indicators: one “coincident” with the month in query (September) and the opposite “main” (October). Each are referenced to their respective long-term tendencies, referred to as the expansion cycle.
The worth of the Coincident and Main Indicators, in addition to their long-term development represented by a price equal to 100 factors, permits figuring out 4 phases of the financial cycle.
These phases are rising above the long-term development of 100 items, as in September, rising under the long-term development, declining above the long-term development and declining under the long-term development.
The Cyclical Indicator System relies on the methodology utilized by the Group for Financial Cooperation and Improvement (OECD).
