Coincident Economic Activity Index for Alabama
ALPHCI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143.32
Year-over-Year Change
0.77%
Date Range
1/1/1979 - 6/1/2025
Summary
The Coincident Economic Activity Index for Alabama is a composite indicator that tracks the overall economic performance of the state. It is used by economists and policymakers to assess Alabama's current economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Coincident Economic Activity Index for Alabama is a monthly indicator that combines several economic variables, including nonfarm payroll employment, average hours worked in manufacturing, unemployment rate, and wage and salary disbursements. It provides a comprehensive measure of the state's economic activity.
Methodology
The index is calculated by the Federal Reserve Bank of Philadelphia using data from the U.S. Bureau of Labor Statistics and other government sources.
Historical Context
The Coincident Economic Activity Index for Alabama is widely used by economists, businesses, and policymakers to monitor the state's economic performance and inform decision-making.
Key Facts
- The index has a base year of 2012.
- Alabama's index reached an all-time high in 2019.
- The index experienced a sharp decline during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Coincident Economic Activity Index for Alabama is a composite indicator that tracks the overall economic performance of the state, including employment, hours worked, unemployment, and income.
Q: Why is this trend relevant for users or analysts?
A: The index provides a comprehensive assessment of Alabama's current economic conditions, which is valuable for economists, policymakers, and businesses making decisions that depend on the state's economic performance.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve Bank of Philadelphia using data from the U.S. Bureau of Labor Statistics and other government sources.
Q: How is this trend used in economic policy?
A: The Coincident Economic Activity Index for Alabama is used by state and federal policymakers to monitor the economic health of Alabama and inform policy decisions that affect the state's economy.
Q: Are there update delays or limitations?
A: The index is updated monthly, with a typical delay of several weeks after the end of the reference month.
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Citation
U.S. Federal Reserve, Coincident Economic Activity Index for Alabama (ALPHCI), retrieved from FRED.