Leading Index for Arizona
AZSLIND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.05
Year-over-Year Change
45.39%
Date Range
1/1/1982 - 2/1/2020
Summary
The Leading Index for Arizona is a composite indicator that forecasts economic activity in the state. It's used by policymakers and analysts to anticipate future economic trends and plan accordingly.
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 Leading Index for Arizona is a leading economic indicator that combines several state-level data series to provide an early signal of future economic activity. It's a valuable tool for monitoring Arizona's economic health and predicting potential changes in the business cycle.
Methodology
The index is calculated by the Federal Reserve Bank of Philadelphia using a proprietary formula that combines multiple data inputs.
Historical Context
The Leading Index for Arizona is closely watched by state and local officials, businesses, and investors to gain insights into the direction of the state's economy.
Key Facts
- The index has been published since 1979.
- It's constructed from 7 different state-level data series.
- Historically, the index has accurately predicted economic turning points in Arizona.
FAQs
Q: What does this economic trend measure?
A: The Leading Index for Arizona is a composite indicator that forecasts future economic activity in the state. It combines multiple data series to provide an early signal of changes in Arizona's business cycle.
Q: Why is this trend relevant for users or analysts?
A: The Leading Index for Arizona is a valuable tool for policymakers, businesses, and investors to monitor the state's economic health and anticipate future economic trends.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve Bank of Philadelphia using a proprietary formula that incorporates multiple state-level data inputs.
Q: How is this trend used in economic policy?
A: State and local officials, as well as businesses and investors, closely follow the Leading Index for Arizona to gain insights into the direction of the state's economy and make informed decisions.
Q: Are there update delays or limitations?
A: The Leading Index for Arizona is published monthly, with a short delay from the end of the reference period. There may be occasional revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Leading Index for Arizona (AZSLIND), retrieved from FRED.