Coincident Economic Activity Index for South Carolina
SCPHCI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
173.21
Year-over-Year Change
4.26%
Date Range
1/1/1979 - 6/1/2025
Summary
The Coincident Economic Activity Index for South Carolina is a composite indicator that tracks the overall economic performance of the state. It is a key measure used by economists and policymakers to assess the health of the South Carolina 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 combines several economic indicators, including employment, personal income, and industrial production, to provide a comprehensive snapshot of the state's economic conditions. It is a valuable tool for identifying turning points in the business cycle and monitoring the trajectory of the regional economy.
Methodology
The index is calculated by the Federal Reserve Bank of Philadelphia using a dynamic factor model that aggregates multiple data sources.
Historical Context
The Coincident Economic Activity Index is widely referenced by state and local governments, as well as by businesses and financial institutions, to inform economic policy decisions and investment strategies.
Key Facts
- The index has a base year of 2007.
- South Carolina's index reached an all-time high in 2019.
- The index experienced a sharp decline during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Coincident Economic Activity Index for South Carolina measures the overall economic performance of the state by combining several key economic indicators.
Q: Why is this trend relevant for users or analysts?
A: The index is a valuable tool for economists, policymakers, and businesses to assess the health and direction of the South Carolina economy.
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 that aggregates multiple data sources.
Q: How is this trend used in economic policy?
A: The Coincident Economic Activity Index is widely referenced by state and local governments, as well as businesses and financial institutions, to inform economic policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical lag of one to two months.
Related Trends
Average Hourly Earnings of All Employees: Education and Health Services: Private Education and Health Services in South Carolina
SMU45000006500000003
Estimate of People of All Ages in Poverty in South Carolina
PEAASC45000A647NCEN
Real Gross Domestic Product: Water Transportation (483) in South Carolina
SCWATTRANRGSP
Resident Population in South Carolina
SCPOP
Housing Inventory: Price Increased Count in South Carolina
PRIINCCOUSC
Regional Price Parities: Services: Housing for South Carolina
SCRPPSERVERENT
Citation
U.S. Federal Reserve, Coincident Economic Activity Index for South Carolina (SCPHCI), retrieved from FRED.