Federal Reserve Economic Data

Table Data - Brave-Butters-Kelley Coincident Index

Title Brave-Butters-Kelley Coincident Index
Series ID BBKQCOIX
Source Indiana University: Indiana Business Research Center
Release Brave-Butters-Kelley Indexes
Seasonal Adjustment Seasonally Adjusted
Frequency Quarterly
Units Standard Deviations
Date Range 1960-01-01 to 2024-07-01
Last Updated 2024-11-04 7:31 AM CST
Notes The Brave-Butters-Kelley Indexes (BBKI) are the byproduct of research originally conducted by the Federal Reserve Bank of Chicago. Currently, the BBKI are maintained and produced by the Indiana Business Research Center at the Kelley School of Business at Indiana University. The BBK Coincident and Leading Indexes and Monthly GDP Growth for the U.S. are constructed from a collapsed dynamic factor analysis of a panel of 490 monthly measures of real economic activity and quarterly real GDP growth.

The BBK Coincident Index is the sum of the leading and lagging subcomponents of the cycle measured in standard deviation units from trend real GDP growth.

This quarterly series is aggregated from the monthly version of the series (BBKMCOIX), using the triangle average described in Brave, Butters, and Kelley (2019) to approximate quarterly annualized (log) percent changes from the monthly series.

For more details, see also:
Brave, Scott A., Ross Cole, and David Kelley, 2019, A 'big data' view of the U.S. economy: Introducing the Brave-Butters-Kelley Indexes, Chicago Fed Letter, Federal Reserve Bank of Chicago, No. 422. Crossref, https://doi.org/10.21033/cfl-2019-422
Brave, Scott A., R. Andrew Butters, and David Kelley, 2019, A new 'big data' index of U.S. economic activity, Economic Perspectives, Federal Reserve Bank of Chicago, Vol. 43, No. 1. Crossref, https://doi.org/10.21033/ep-2019-1
DATE VALUE
1960-01-01 0.5317137081554596000
1960-04-01 -1.2734782994230633000
1960-07-01 -1.3486910354836290000
1960-10-01 -1.8005358393499957000
1961-01-01 -1.2115357682320667000
1961-04-01 1.1484332557384052000
1961-07-01 1.4093129570016913000
1961-10-01 1.5034711819811422000
1962-01-01 0.7848605297234644000
1962-04-01 0.3241392756283207000
1962-07-01 0.0210441673028438220
1962-10-01 0.0008855303625338610
1963-01-01 0.3451096625573351000
1963-04-01 0.9780080856366195000
1963-07-01 0.4123957481402168400
1963-10-01 0.5278170888432040000
1964-01-01 0.6724547136249560000
1964-04-01 0.7969819854994580000
1964-07-01 0.5764870687837215000
1964-10-01 0.5149397107051820000
1965-01-01 1.3402122423299740000
1965-04-01 0.9391526669694935000
1965-07-01 0.8265709781783002000
1965-10-01 1.1787967016830567000
1966-01-01 1.4267313433708333000
1966-04-01 0.3936665536312421400
1966-07-01 0.1080932159446208900
1966-10-01 -0.2480063617311414300
1967-01-01 -0.7385883750558805000
1967-04-01 -0.5169061389294262000
1967-07-01 0.0751524301836860200
1967-10-01 0.7832925913037883000
1968-01-01 0.6156313489803025000
1968-04-01 0.4561159446541414600
1968-07-01 0.1986097740289957400
1968-10-01 0.4575184228484840400
1969-01-01 0.3345656792616842300
1969-04-01 0.1027181725891702500
1969-07-01 -0.0747398288454762700
1969-10-01 -0.6271296405470163000
1970-01-01 -1.4872103143602770000
1970-04-01 -0.9483128232581646000
1970-07-01 -0.5818613824999909000
1970-10-01 -1.3101617130813960000
1971-01-01 0.7207351683318449000
1971-04-01 0.4076473448618909000
1971-07-01 0.0572324811355295100
1971-10-01 0.7225867667032820000
1972-01-01 1.4228402600303023000
1972-04-01 0.8903101669790018000
1972-07-01 0.7105790638991564000
1972-10-01 1.7690664326389232000
1973-01-01 1.5714544391998653000
1973-04-01 0.2183629426443908500
1973-07-01 -0.1017541094561047200
1973-10-01 0.3170752756949765000
1974-01-01 -0.6684109100961400000
1974-04-01 -0.5833870300274219000
1974-07-01 -1.0080794602629977000
1974-10-01 -2.8278291623083230000
1975-01-01 -3.7399421547972380000
1975-04-01 -1.0617319788803903000
1975-07-01 1.0248082730890806000
1975-10-01 0.8266231481219446000
1976-01-01 1.4000803860058444000
1976-04-01 0.5538972012212414000
1976-07-01 0.3385472093245708300
1976-10-01 0.4965439956945944000
1977-01-01 1.0493922528611250000
1977-04-01 1.3159908849416280000
1977-07-01 0.5507723117104673000
1977-10-01 0.2993964193453641500
1978-01-01 0.0112950707133019340
1978-04-01 1.9379932048286055000
1978-07-01 0.4721370209656697300
1978-10-01 0.6720371114557339000
1979-01-01 -0.1371927173896550500
1979-04-01 -0.1792868696729050000
1979-07-01 -0.3246044747552334000
1979-10-01 -0.5072570219119119000
1980-01-01 -0.8927809140982771000
1980-04-01 -3.4488139098096010000
1980-07-01 -0.8356449959059450000
1980-10-01 1.4732504883336632000
1981-01-01 -0.0315617393810381200
1981-04-01 -0.4565194434273555000
1981-07-01 -0.6466171613089909000
1981-10-01 -2.1971804203127707000
1982-01-01 -1.7600697448105050000
1982-04-01 -1.0629187259855422000
1982-07-01 -1.2657782835683470000
1982-10-01 -1.0908342314386066000
1983-01-01 0.6450680066419133000
1983-04-01 1.5341662716740936000
1983-07-01 1.7861708457858170000
1983-10-01 1.6233043807042626000
1984-01-01 1.4622724954844393000
1984-04-01 0.7758556356386959000
1984-07-01 0.0695963565293173100
1984-10-01 0.0301511031237395200
1985-01-01 -0.0002721357946887594
1985-04-01 -0.0385678462330491200
1985-07-01 -0.0553112747785708200
1985-10-01 0.0737216020389686900
1986-01-01 0.0389138972458634300
1986-04-01 -0.2990427865510275000
1986-07-01 0.0731931066554064300
1986-10-01 0.1179673815236775000
1987-01-01 0.2781417462701419300
1987-04-01 0.4968179084454352000
1987-07-01 0.7100579957607425000
1987-10-01 0.6429543583921763000
1988-01-01 0.2971614255905218300
1988-04-01 0.4594284730287766000
1988-07-01 0.1137413663302757600
1988-10-01 0.4531814640731786000
1989-01-01 0.0950457260850079700
1989-04-01 -0.3850509157697782000
1989-07-01 -0.5345148107866254000
1989-10-01 -0.3154318862025776000
1990-01-01 0.1751355259321953400
1990-04-01 -0.4145437716651467000
1990-07-01 -0.6543297693920878000
1990-10-01 -1.6289883656124138000
1991-01-01 -1.7823365926508112000
1991-04-01 -0.2254130876362854300
1991-07-01 0.2043082175570876700
1991-10-01 -0.3797840238973821000
1992-01-01 -0.1074448568710023000
1992-04-01 0.5623625925616721000
1992-07-01 0.1190686634011909000
1992-10-01 0.2484548916981265400
1993-01-01 0.1675479615338649200
1993-04-01 -0.0185293834728518960
1993-07-01 0.0293782136569386360
1993-10-01 0.6435195272808228000
1994-01-01 0.5419359675631913000
1994-04-01 0.8233686493486654000
1994-07-01 0.5671641195470991000
1994-10-01 0.7976583704559402000
1995-01-01 0.1677838771212008800
1995-04-01 -0.3455486995058826000
1995-07-01 0.1320723992332240300
1995-10-01 0.1430750827777936600
1996-01-01 -0.0808201899537971300
1996-04-01 0.6753657713009468000
1996-07-01 0.3742289814463536000
1996-10-01 0.3460429190218048000
1997-01-01 0.5304864095332394000
1997-04-01 0.5818328274194330000
1997-07-01 0.7779094171303144000
1997-10-01 0.5714822622051967000
1998-01-01 0.2994982416899838000
1998-04-01 0.0919673098947793400
1998-07-01 0.0650744629773143800
1998-10-01 0.3666488781608161500
1999-01-01 0.1979661979099002500
1999-04-01 0.2738888337947877300
1999-07-01 0.4191806435012737000
1999-10-01 0.6837422219640260000
2000-01-01 0.4172143860925417400
2000-04-01 0.3391554956428886000
2000-07-01 -0.1819120135233742000
2000-10-01 -0.4942169391486123700
2001-01-01 -1.1068227068304157000
2001-04-01 -1.3836033599194157000
2001-07-01 -1.4430673167117536000
2001-10-01 -1.3146000163311038000
2002-01-01 -0.4312327736481096400
2002-04-01 0.1202770444282723900
2002-07-01 -0.3618799210291600600
2002-10-01 -0.5633637587911201000
2003-01-01 -0.3737771292101199600
2003-04-01 -0.3687309179291943000
2003-07-01 0.4035512657148465600
2003-10-01 0.6431757338916684000
2004-01-01 0.5416731413323799000
2004-04-01 0.6381343168183672000
2004-07-01 0.5481324898654788000
2004-10-01 0.7192528045159068000
2005-01-01 0.6420374149975417000
2005-04-01 0.3348392337599702000
2005-07-01 0.1730776693909589500
2005-10-01 0.6095532981498393000
2006-01-01 0.6048939834754510000
2006-04-01 0.0832777350550721500
2006-07-01 -0.1745752587525058200
2006-10-01 -0.1342319009457548000
2007-01-01 0.0747998855540369500
2007-04-01 0.0320031118722355800
2007-07-01 -0.2264225607728712000
2007-10-01 -0.3224961784130026000
2008-01-01 -0.9998244902435206000
2008-04-01 -1.2093370193066735000
2008-07-01 -1.9720572403766620000
2008-10-01 -3.7685937515673915000
2009-01-01 -4.1516252945995795000
2009-04-01 -2.3672275901012507000
2009-07-01 -0.3354965342356530000
2009-10-01 -0.0210021715285660660
2010-01-01 0.0784782548773322200
2010-04-01 0.5503878170396822000
2010-07-01 0.0220410060525558850
2010-10-01 0.0661123653550815500
2011-01-01 0.2913263456080757400
2011-04-01 0.0041784233493426000
2011-07-01 -0.0760930436583114600
2011-10-01 -0.0099291091838822080
2012-01-01 0.3830970548079073400
2012-04-01 -0.0665348816510330600
2012-07-01 -0.4981181334710063600
2012-10-01 -0.2400792814952424400
2013-01-01 0.0634865361453630200
2013-04-01 -0.1323996127862157000
2013-07-01 0.0162228548359060650
2013-10-01 0.1200281973169585900
2014-01-01 -0.1400079545345193000
2014-04-01 0.4647861010404361600
2014-07-01 0.3641283364154923600
2014-10-01 0.1909084045445764400
2015-01-01 -0.1698067291234198800
2015-04-01 -0.1971926361565461000
2015-07-01 -0.1586791518388682700
2015-10-01 -0.5725288189419021000
2016-01-01 -0.5191126265024955000
2016-04-01 -0.3739305138841103000
2016-07-01 -0.2465176725459505600
2016-10-01 -0.1372620786698496600
2017-01-01 0.2233813925801820300
2017-04-01 0.2872559433921409400
2017-07-01 0.1746604133716191000
2017-10-01 0.7659998328728583000
2018-01-01 0.5286206837381485000
2018-04-01 0.5277755836393676000
2018-07-01 0.3348332384821445000
2018-10-01 0.0175533542351274180
2019-01-01 -0.3110484169310324700
2019-04-01 -0.2038441332367365900
2019-07-01 -0.2833398310168832600
2019-10-01 -0.6400798864870582000
2020-01-01 -1.7313341044816835000
2020-04-01 -6.3775726159530200000
2020-07-01 3.2275520103767100000
2020-10-01 1.4111141187880770000
2021-01-01 0.8358227685496337000
2021-04-01 1.2916356317374422000
2021-07-01 0.8246123370263375000
2021-10-01 0.9980359435574818000
2022-01-01 0.4640584052450670000
2022-04-01 -0.0475869771273554200
2022-07-01 -0.4292264202814013400
2022-10-01 -0.7033089719174617000
2023-01-01 -0.5882303412205543000
2023-04-01 -0.6507478341084765000
2023-07-01 -0.3270184120500723700
2023-10-01 -0.4905616205490367000
2024-01-01 -0.5632944317137157000
2024-04-01 -0.4653160991899687500
2024-07-01 -0.5056588447540424000

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