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 2024-12-23 7:36 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 0.5208881182095979000
1960-04-01 -1.2978613063115900000
1960-07-01 -1.3642726091608128000
1960-10-01 -1.8090260897750958000
1961-01-01 -1.2242371222477773000
1961-04-01 1.1447181850959225000
1961-07-01 1.4056099471144003000
1961-10-01 1.4987571658498218000
1962-01-01 0.7697098278492530000
1962-04-01 0.3116167819251265400
1962-07-01 0.0111559139050473340
1962-10-01 -0.0063917560700151090
1963-01-01 0.3402539176815042600
1963-04-01 0.9726906061300582000
1963-07-01 0.3942643893265063000
1963-10-01 0.5145888816172397000
1964-01-01 0.6542832059158313000
1964-04-01 0.7820468713975740000
1964-07-01 0.5675598333739942000
1964-10-01 0.5040389169349537000
1965-01-01 1.3257741544510570000
1965-04-01 0.9137546697187111000
1965-07-01 0.7927881611479322000
1965-10-01 1.1433616483153460000
1966-01-01 1.4071966673518780000
1966-04-01 0.3837980529917923000
1966-07-01 0.0967028664220429300
1966-10-01 -0.2714795461694677000
1967-01-01 -0.7704369047610660000
1967-04-01 -0.5420928054722313000
1967-07-01 0.0581557500250285200
1967-10-01 0.7702983820247242000
1968-01-01 0.5889486994719286000
1968-04-01 0.4304276564449381000
1968-07-01 0.1833257450897045600
1968-10-01 0.4521506665863051500
1969-01-01 0.3262141144786757700
1969-04-01 0.1004580680146475600
1969-07-01 -0.0704603493967730100
1969-10-01 -0.6207156356846055000
1970-01-01 -1.4919682728656576000
1970-04-01 -0.9592543771079839000
1970-07-01 -0.5886834273585516000
1970-10-01 -1.3271295356448412000
1971-01-01 0.7119782159407031000
1971-04-01 0.4010532308418550700
1971-07-01 0.0577621590205846100
1971-10-01 0.7271273055398901000
1972-01-01 1.4195432458367574000
1972-04-01 0.8780161319626845000
1972-07-01 0.7044729570769994000
1972-10-01 1.7737678564619215000
1973-01-01 1.5753966842881266000
1973-04-01 0.2287537509572943300
1973-07-01 -0.0742495154409177300
1973-10-01 0.3570539419847865000
1974-01-01 -0.6379100515149656000
1974-04-01 -0.5614964555293352000
1974-07-01 -0.9961070593736833000
1974-10-01 -2.8374215257335260000
1975-01-01 -3.7697841823960750000
1975-04-01 -1.0784404044514720000
1975-07-01 1.0231549303431646000
1975-10-01 0.8222172870100822000
1976-01-01 1.4036256580508960000
1976-04-01 0.5559521447365962000
1976-07-01 0.3469283748439460000
1976-10-01 0.5022364846292335000
1977-01-01 1.0531835611097655000
1977-04-01 1.3133131587697315000
1977-07-01 0.5420488356487483000
1977-10-01 0.3049112673938645400
1978-01-01 -0.0029747690563285247
1978-04-01 1.9276492138197572000
1978-07-01 0.4578554246319261300
1978-10-01 0.6832009687573370000
1979-01-01 -0.1193194814483203600
1979-04-01 -0.1584189488428820500
1979-07-01 -0.3060994876741351400
1979-10-01 -0.4894341301430260000
1980-01-01 -0.8634568568778627000
1980-04-01 -3.4377625239871485000
1980-07-01 -0.8240606124331794000
1980-10-01 1.4850799253082156000
1981-01-01 -0.0323644650460877740
1981-04-01 -0.4486389574751860600
1981-07-01 -0.6393135332774853000
1981-10-01 -2.1928636400689140000
1982-01-01 -1.7522791106026439000
1982-04-01 -1.0589398095617941000
1982-07-01 -1.2654778517173817000
1982-10-01 -1.1031369424508424000
1983-01-01 0.6422180565909698000
1983-04-01 1.5282943737859582000
1983-07-01 1.7824493173375282000
1983-10-01 1.6169032852738228000
1984-01-01 1.4509962373705267000
1984-04-01 0.7559711758434294000
1984-07-01 0.0515280850798305300
1984-10-01 0.0162516495590549700
1985-01-01 -0.0148151614463305020
1985-04-01 -0.0538321258479748450
1985-07-01 -0.0725666930560998300
1985-10-01 0.0637031638272059800
1986-01-01 0.0377742322378003200
1986-04-01 -0.3005765512089735300
1986-07-01 0.0817325156954435600
1986-10-01 0.1309299691571702300
1987-01-01 0.2919026944913343000
1987-04-01 0.5115527687175937000
1987-07-01 0.7212106397427771000
1987-10-01 0.6521616286369241000
1988-01-01 0.3008979239744013000
1988-04-01 0.4644894426355569000
1988-07-01 0.1155964498564543000
1988-10-01 0.4527586794745779000
1989-01-01 0.0927219804203759100
1989-04-01 -0.3865447522244806000
1989-07-01 -0.5411407533298495000
1989-10-01 -0.3119099062829202600
1990-01-01 0.1882447707992199500
1990-04-01 -0.3978148360385256300
1990-07-01 -0.6242044626380447000
1990-10-01 -1.5988576064658038000
1991-01-01 -1.7685861454885003000
1991-04-01 -0.2115612361290852800
1991-07-01 0.2255718881313491000
1991-10-01 -0.3638708104897779300
1992-01-01 -0.1021028922008951600
1992-04-01 0.5718197266591715000
1992-07-01 0.1283036401915469000
1992-10-01 0.2601557548146655000
1993-01-01 0.1862803471756323300
1993-04-01 -0.0008845742816603692
1993-07-01 0.0357876140624657360
1993-10-01 0.6489291731413320000
1994-01-01 0.5481740929292233000
1994-04-01 0.8399830320722939000
1994-07-01 0.5855452920679012000
1994-10-01 0.8186877820736694000
1995-01-01 0.1870042741329795100
1995-04-01 -0.3352507235476560000
1995-07-01 0.1351748731846575700
1995-10-01 0.1445484726845664700
1996-01-01 -0.0840006339463721200
1996-04-01 0.6736590851656343000
1996-07-01 0.3746720017974150600
1996-10-01 0.3516769463652449000
1997-01-01 0.5329728192032596000
1997-04-01 0.5741865295487467000
1997-07-01 0.7685994953854640000
1997-10-01 0.5630864915731688000
1998-01-01 0.2858872765793124500
1998-04-01 0.0736856752322579300
1998-07-01 0.0429858630878326200
1998-10-01 0.3490523831235869400
1999-01-01 0.1891452159748892000
1999-04-01 0.2712650804911624400
1999-07-01 0.4140486494326136000
1999-10-01 0.6817978131406214000
2000-01-01 0.4169996383986611000
2000-04-01 0.3369597247416921700
2000-07-01 -0.1874529240596502000
2000-10-01 -0.4956855367748514000
2001-01-01 -1.1124024192646653000
2001-04-01 -1.3962835758511694000
2001-07-01 -1.4527735334808367000
2001-10-01 -1.3241270132953618000
2002-01-01 -0.4433325496806911300
2002-04-01 0.1246548618264269000
2002-07-01 -0.3592597169039570000
2002-10-01 -0.5624626923570919000
2003-01-01 -0.3746767284187637000
2003-04-01 -0.3817618809825000000
2003-07-01 0.3914686206275287000
2003-10-01 0.6426307134693770000
2004-01-01 0.5542797017718593000
2004-04-01 0.6557201984588132000
2004-07-01 0.5632943560838455000
2004-10-01 0.7308760731667840000
2005-01-01 0.6564566388527487000
2005-04-01 0.3515816830112027000
2005-07-01 0.1828212430220016400
2005-10-01 0.6232497288061372000
2006-01-01 0.6115995125094758000
2006-04-01 0.0965099239105668300
2006-07-01 -0.1610021619126663000
2006-10-01 -0.1306190798318084800
2007-01-01 0.0817282537113570900
2007-04-01 0.0448385550130717100
2007-07-01 -0.2193702583420632200
2007-10-01 -0.3160751856538654400
2008-01-01 -0.9946526857147804000
2008-04-01 -1.2173375593576115000
2008-07-01 -1.9759978886986920000
2008-10-01 -3.7744906554118280000
2009-01-01 -4.1740296015827620000
2009-04-01 -2.3827443905111947000
2009-07-01 -0.3328426535496843000
2009-10-01 -0.0101035572156053310
2010-01-01 0.0953859848070172500
2010-04-01 0.5703521907293239000
2010-07-01 0.0346852765519434200
2010-10-01 0.0895356363287963400
2011-01-01 0.3259696385030414500
2011-04-01 0.0304238162009878370
2011-07-01 -0.0564486924074578000
2011-10-01 -0.0020145870984086560
2012-01-01 0.3875164256455201400
2012-04-01 -0.0604260142875447700
2012-07-01 -0.4924292757026114000
2012-10-01 -0.2337288292878274600
2013-01-01 0.0700724718717892900
2013-04-01 -0.1314783278550849800
2013-07-01 0.0170915420374986130
2013-10-01 0.1281739896463563200
2014-01-01 -0.1308412994843041700
2014-04-01 0.4636644611053468700
2014-07-01 0.3569514894331622400
2014-10-01 0.1854819007556263700
2015-01-01 -0.1792366018025482000
2015-04-01 -0.2077472209344518300
2015-07-01 -0.1643613535357549800
2015-10-01 -0.5802986952322707000
2016-01-01 -0.5255956658936302000
2016-04-01 -0.3782676529261501700
2016-07-01 -0.2491251159883727800
2016-10-01 -0.1389475318070736400
2017-01-01 0.2277408179617503600
2017-04-01 0.2983322039692889400
2017-07-01 0.1789783769950574000
2017-10-01 0.7824976286762015000
2018-01-01 0.5476321347305985000
2018-04-01 0.5488699370932820000
2018-07-01 0.3530956127415483000
2018-10-01 0.0265490342791581500
2019-01-01 -0.3154567004317877500
2019-04-01 -0.2254442788847226300
2019-07-01 -0.2999614443356131000
2019-10-01 -0.6394410629254320000
2020-01-01 -1.6587273108182579000
2020-04-01 -6.3562031316205990000
2020-07-01 3.2298627850702846000
2020-10-01 1.3826184085928135000
2021-01-01 0.8374150994375511000
2021-04-01 1.2949033449757283000
2021-07-01 0.8325464571926273000
2021-10-01 1.0115673700462107000
2022-01-01 0.4939451677005185000
2022-04-01 -0.0220677841093581000
2022-07-01 -0.4239253993999605000
2022-10-01 -0.7119615428568861000
2023-01-01 -0.6024795470595569000
2023-04-01 -0.6768301161654580000
2023-07-01 -0.3533979777426334300
2023-10-01 -0.5134957739114021000
2024-01-01 -0.5754848374070001000
2024-04-01 -0.5142989596591102000
2024-07-01 -0.5402386420416302000

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