Federal Reserve Economic Data

Brave-Butters-Kelley Trend Component of GDP (BBKQTRD)

Observation:

Q3 2024: 2.79677 (+ more)   Updated: Nov 4, 2024 7:31 AM CST
Q3 2024:  2.79677  
Q2 2024:  2.79582  
Q1 2024:  2.79400  
Q4 2023:  2.79142  
Q3 2023:  2.78766  
View All

Units:

Annualized Percent Change from Preceding Period,
Seasonally Adjusted

Frequency:

Quarterly

NOTES

Source: Indiana University: Indiana Business Research Center  

Release: Brave-Butters-Kelley Indexes  

Units:  Annualized Percent Change from Preceding Period, Seasonally Adjusted

Frequency:  Quarterly

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 trend component of GDP is expressed in annualized real GDP growth equivalent units.

This quarterly series is aggregated from the monthly version of the series (BBKMTRD), 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

Suggested Citation:

Indiana University. Indiana Business Research Center, Brave-Butters-Kelley Trend Component of GDP [BBKQTRD], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BBKQTRD, .

RELEASE TABLES

Brave-Butters-Kelley Indexes

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