Leading Index for Utah
UTSLIND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.57
Year-over-Year Change
-28.96%
Date Range
1/1/1982 - 2/1/2020
Summary
The Leading Index for Utah is a composite index that tracks the state's economic activity. It is a leading indicator, predicting future economic conditions in Utah.
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 Utah combines several economic indicators to provide an overall assessment of the state's economic outlook. It is used by policymakers, businesses, and analysts to anticipate future trends in Utah's economy.
Methodology
The index is calculated by the Federal Reserve Bank of Philadelphia using a proprietary methodology.
Historical Context
The Leading Index for Utah helps inform economic policy decisions and business planning in the state.
Key Facts
- The index has been published since 1979.
- It includes measures of employment, manufacturing, and housing.
- Utah consistently ranks among the top states for economic performance.
FAQs
Q: What does this economic trend measure?
A: The Leading Index for Utah is a composite indicator that tracks the state's overall economic activity and provides a forward-looking assessment of the business cycle.
Q: Why is this trend relevant for users or analysts?
A: The Leading Index for Utah helps predict future economic conditions in the state, allowing policymakers, businesses, and investors to make more informed decisions.
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 several economic indicators.
Q: How is this trend used in economic policy?
A: The Leading Index for Utah is used by state policymakers to help guide economic and fiscal policy decisions, as well as by businesses and investors to inform their planning and investment strategies.
Q: Are there update delays or limitations?
A: The Leading Index for Utah is published monthly, with a typical delay of one to two months between the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Leading Index for Utah (UTSLIND), retrieved from FRED.