Leading Index for Oregon
ORSLIND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.54
Year-over-Year Change
52.48%
Date Range
1/1/1982 - 2/1/2020
Summary
The Leading Index for Oregon is a composite index that tracks economic conditions in the state. It serves as an early indicator of the direction and pace of Oregon's economic activity.
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 Oregon is a monthly economic indicator that combines several state-level data series to provide an overall assessment of the state's economic health. It is used by policymakers, analysts, and businesses to anticipate future economic trends in Oregon.
Methodology
The index is calculated by the Federal Reserve Bank of Philadelphia using a statistical model that combines several economic variables.
Historical Context
The Leading Index for Oregon is an important tool for understanding the state's economic outlook and guiding policy decisions.
Key Facts
- The index was first published in 1979.
- It incorporates data on employment, manufacturing, housing, and other economic factors.
- Positive index values indicate an expanding economy, while negative values signal a contracting economy.
FAQs
Q: What does the Leading Index for Oregon measure?
A: The Leading Index for Oregon is a composite index that tracks several economic indicators to provide an overall assessment of the state's economic conditions and outlook.
Q: Why is the Leading Index for Oregon relevant for users or analysts?
A: The index serves as an early indicator of the direction and pace of Oregon's economic activity, which is useful for policymakers, businesses, and analysts in understanding and anticipating the state's economic trends.
Q: How is the data for the Leading Index for Oregon collected or calculated?
A: The index is calculated by the Federal Reserve Bank of Philadelphia using a statistical model that combines several state-level economic variables.
Q: How is the Leading Index for Oregon used in economic policy?
A: The index is an important tool for policymakers, economists, and businesses in Oregon, as it provides insights into the state's economic outlook and can help guide policy decisions and business strategies.
Q: Are there any update delays or limitations for the Leading Index for Oregon?
A: The Leading Index for Oregon is published monthly, with data typically released within a few weeks of the end of each month. There may be minor revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Leading Index for Oregon (ORSLIND), retrieved from FRED.