Leading Index for Maine
MESLIND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.05
Year-over-Year Change
-165.22%
Date Range
1/1/1982 - 2/1/2020
Summary
The Leading Index for Maine is a composite indicator that tracks the state's economic performance. It is used by economists and policymakers to predict future economic conditions and inform decision-making.
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 Maine is a monthly indicator that combines several economic variables to provide an early signal of the state's economic direction. It is designed to anticipate turning points in Maine's business cycle and is a valuable tool for assessing the state's economic health.
Methodology
The index is calculated by the Federal Reserve Bank of Philadelphia using a model that incorporates various economic indicators.
Historical Context
The Leading Index for Maine is closely monitored by state and federal policymakers to help guide economic policy and investment decisions.
Key Facts
- The Leading Index for Maine has been published since the 1980s.
- It is one of the few economic indicators specifically focused on the Maine economy.
- The index is updated monthly by the Federal Reserve Bank of Philadelphia.
FAQs
Q: What does the Leading Index for Maine measure?
A: The Leading Index for Maine is a composite indicator that tracks the state's economic performance and provides an early signal of turning points in the business cycle.
Q: Why is the Leading Index for Maine relevant for users or analysts?
A: The Leading Index for Maine is a valuable tool for economists, policymakers, and businesses to assess the state's economic health and make informed decisions.
Q: How is the Leading Index for Maine data collected or calculated?
A: The index is calculated by the Federal Reserve Bank of Philadelphia using a model that incorporates various economic indicators for the state of Maine.
Q: How is the Leading Index for Maine used in economic policy?
A: The Leading Index for Maine is closely monitored by state and federal policymakers to help guide economic policy and investment decisions for the state.
Q: Are there any update delays or limitations for the Leading Index for Maine?
A: The Leading Index for Maine is updated monthly by the Federal Reserve Bank of Philadelphia, with minimal delays.
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U3UNEM3ME
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SMU23000000800000001A
State Tax Collections: T51 Documentary and Stock Transfer Taxes for Maine
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Real Gross Domestic Product: Transportation and Warehousing (48-49) in Maine
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Citation
U.S. Federal Reserve, Leading Index for Maine (MESLIND), retrieved from FRED.