Coincident Economic Activity Index for Minnesota
MNPHCI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
158.63
Year-over-Year Change
2.23%
Date Range
1/1/1979 - 6/1/2025
Summary
The Coincident Economic Activity Index for Minnesota is a composite indicator that summarizes the current state of economic activity in the state. It is a useful measure for economists and policymakers to assess the overall health of Minnesota's economy.
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 Minnesota is a single-value indicator that combines several economic variables, including employment, income, and sales, to provide a comprehensive assessment of economic conditions in the state. It is used by analysts to track the business cycle and identify turning points in Minnesota's economy.
Methodology
The index is calculated by the Federal Reserve Bank of Philadelphia using a dynamic factor model approach.
Historical Context
The Coincident Economic Activity Index for Minnesota is closely monitored by state policymakers and economists to inform economic policy decisions and forecasting.
Key Facts
- The index has a base year of 2007 = 100.
- It is released monthly by the Federal Reserve Bank of Philadelphia.
- Minnesota's index has generally tracked the national coincident index over time.
FAQs
Q: What does this economic trend measure?
A: The Coincident Economic Activity Index for Minnesota is a composite indicator that summarizes the current state of economic activity in the state, including employment, income, and sales.
Q: Why is this trend relevant for users or analysts?
A: The index is a useful tool for economists and policymakers to assess the overall health of Minnesota's economy and track the business cycle.
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 approach.
Q: How is this trend used in economic policy?
A: The Coincident Economic Activity Index for Minnesota is closely monitored by state policymakers and economists to inform economic policy decisions and forecasting.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve Bank of Philadelphia, with no significant update delays.
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Citation
U.S. Federal Reserve, Coincident Economic Activity Index for Minnesota (MNPHCI), retrieved from FRED.