Observation:
Sep 2024: -0.38431 (+ more) Updated: Nov 4, 2024 7:31 AM CSTSep 2024: | -0.38431 | |
Aug 2024: | -0.35909 | |
Jul 2024: | -0.45281 | |
Jun 2024: | -0.47824 | |
May 2024: | -0.26945 | |
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Units:
Standard Deviations,Frequency:
MonthlyData in this graph are copyrighted. Please review the copyright information in the series notes before sharing.
Source: Indiana University: Indiana Business Research Center
Release: Brave-Butters-Kelley Indexes
Units: Standard Deviations, Seasonally Adjusted
Frequency: Monthly
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.
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
Indiana University. Indiana Business Research Center, Brave-Butters-Kelley Coincident Index [BBKMCOIX], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BBKMCOIX, .