Leading Index for Illinois
ILSLIND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.43
Year-over-Year Change
22.11%
Date Range
1/1/1982 - 2/1/2020
Summary
The Leading Index for Illinois is a composite indicator that tracks the state's economic conditions and forecasts future economic activity. It is an important tool for policymakers and analysts in understanding Illinois' economic trajectory.
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 Illinois is a monthly index that combines several economic indicators, including unemployment claims, housing permits, and manufacturing activity, to provide a forward-looking assessment of the state's economy. It is used by economists and policymakers to anticipate changes in Illinois' economic performance.
Methodology
The index is calculated by the Federal Reserve Bank of Chicago using a statistical model that weights and aggregates the underlying economic indicators.
Historical Context
The Leading Index for Illinois helps inform policy decisions and investment strategies by signaling potential shifts in the state's economic conditions.
Key Facts
- The index has been published since 1987.
- A rising index suggests future economic expansion in Illinois.
- The index is one of several regional leading indicators produced by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Leading Index for Illinois is a composite indicator that tracks the state's economic conditions and forecasts future economic activity.
Q: Why is this trend relevant for users or analysts?
A: The Leading Index for Illinois is an important tool for policymakers and analysts in understanding Illinois' economic trajectory and informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve Bank of Chicago using a statistical model that weights and aggregates several underlying economic indicators.
Q: How is this trend used in economic policy?
A: The Leading Index for Illinois helps inform policy decisions and investment strategies by signaling potential shifts in the state's economic conditions.
Q: Are there update delays or limitations?
A: The index is published monthly, with a short delay to allow for data collection and processing.
Related Trends
Personal Consumption Expenditures: Goods: Durable Goods: Recreational Goods and Vehicles for Illinois
ILPCERECGD
Average Hourly Earnings of All Employees: Professional and Business Services in Illinois
SMU17000006000000003
Gross Domestic Product: Finance and Insurance (52) in Illinois
ILFININSNQGSP
Personal Consumption Expenditures: Goods for Illinois
ILPCEG
Spliced Business Formations Within Four Quarters: Total for All NAICS in Illinois
BFSBF4QTOTALSAIL
All Employees: Retail Trade in Illinois
SMS17000004200000001
Citation
U.S. Federal Reserve, Leading Index for Illinois (ILSLIND), retrieved from FRED.