Coincident Economic Activity Index for Hawaii
HIPHCI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.39
Year-over-Year Change
2.08%
Date Range
1/1/1979 - 6/1/2025
Summary
The Coincident Economic Activity Index for Hawaii is a composite indicator that tracks the overall economic performance of the state. It is a valuable tool for monitoring and analyzing Hawaii's 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 Hawaii is a monthly indicator that combines several key economic variables, such as nonfarm payroll employment, personal income, industrial production, and retail sales. It provides a comprehensive assessment of the current state of Hawaii's economy.
Methodology
The index is calculated by the Federal Reserve Bank of Philadelphia using a dynamic factor model that extracts the common trend from the underlying economic indicators.
Historical Context
The Coincident Economic Activity Index for Hawaii is widely used by policymakers, economists, and market analysts to understand the state's economic performance and make informed decisions.
Key Facts
- The index has a base year of 2012 = 100.
- Hawaii's Coincident Economic Activity Index reached a record high in 2019.
- The index experienced a sharp decline during the COVID-19 pandemic in 2020.
FAQs
Q: What does this economic trend measure?
A: The Coincident Economic Activity Index for Hawaii measures the overall economic performance of the state by combining several key economic indicators.
Q: Why is this trend relevant for users or analysts?
A: This index is a valuable tool for monitoring and analyzing Hawaii's economic conditions, which is important for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve Bank of Philadelphia using a dynamic factor model that extracts the common trend from the underlying economic indicators.
Q: How is this trend used in economic policy?
A: The Coincident Economic Activity Index for Hawaii is widely used by policymakers, economists, and market analysts to understand the state's economic performance and make informed decisions.
Q: Are there update delays or limitations?
A: The index is published monthly, and there may be a short delay in the release of the latest data.
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Citation
U.S. Federal Reserve, Coincident Economic Activity Index for Hawaii (HIPHCI), retrieved from FRED.