Leading Index for Maryland
MDSLIND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.10
Year-over-Year Change
15.38%
Date Range
1/1/1982 - 2/1/2020
Summary
The Leading Index for Maryland is an economic indicator that forecasts future economic activity in the state. It is closely monitored by policymakers and analysts to gauge Maryland's economic performance and outlook.
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 Maryland is a composite index that combines several economic indicators to provide a leading signal of the state's economic conditions. It is designed to predict turning points in the Maryland economy several months in advance.
Methodology
The index is calculated by the Federal Reserve Bank of Philadelphia using a proprietary methodology.
Historical Context
The Leading Index for Maryland is an important tool for understanding the state's economic trajectory and informing policy decisions.
Key Facts
- The index was first published in 1983.
- It includes components such as housing permits, unemployment claims, and the state's manufacturing sector.
- A rising index signals expected growth in the Maryland economy.
FAQs
Q: What does this economic trend measure?
A: The Leading Index for Maryland measures the future performance of the state's economy by combining several leading economic indicators.
Q: Why is this trend relevant for users or analysts?
A: The Leading Index for Maryland provides an early signal of the state's economic conditions, helping policymakers and analysts anticipate changes in the economy.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve Bank of Philadelphia using a proprietary methodology that combines multiple economic indicators.
Q: How is this trend used in economic policy?
A: The Leading Index for Maryland is closely monitored by state policymakers and economists to inform decisions on economic development, fiscal policy, and other initiatives.
Q: Are there update delays or limitations?
A: The Leading Index for Maryland is updated monthly, with a typical release lag of around two weeks.
Related Trends
Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Maryland
SMU24000004000000003
Chain-Type Quantity Index for Real GDP: Nonmetallic Mineral Product Manufacturing (327) in Maryland
MDNMMPMANQGSP
Estimated Percent of People Under Age 5 in Poverty for Maryland
PP0T4MD24000A156NCEN
Gross Domestic Product: Information (51) in Maryland
MDINFONQGSP
Real Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Maryland
MDFRSTFISHRGSP
Estimate of People Under Age 5 in Poverty for Maryland
PE0T4MD24000A647NCEN
Citation
U.S. Federal Reserve, Leading Index for Maryland (MDSLIND), retrieved from FRED.