Leading Index for Washington
WASLIND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.33
Year-over-Year Change
417.78%
Date Range
1/1/1982 - 2/1/2020
Summary
The Leading Index for Washington is a forward-looking economic indicator that measures the state's overall economic performance. It is used by policymakers and analysts to anticipate future economic trends in the state.
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 Washington is a composite index that combines several economic variables to provide a single statistic that reflects the current and future state of the Washington economy. It is designed to signal peaks and troughs in economic activity.
Methodology
The index is calculated by the Philadelphia Federal Reserve using data from the U.S. Census Bureau, the Institute for Supply Management, and other sources.
Historical Context
The Leading Index for Washington is a valuable tool for policymakers, businesses, and economists to monitor the economic health of the state.
Key Facts
- The index has a base year of 2012.
- It includes variables such as housing permits, unemployment claims, and manufacturing orders.
- The Leading Index for Washington is published monthly by the Philadelphia Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Leading Index for Washington is a composite index that measures the overall economic performance and future trends in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: The Leading Index for Washington is a valuable tool for policymakers, businesses, and economists to monitor the economic health and anticipate future trends in the state.
Q: How is this data collected or calculated?
A: The index is calculated by the Philadelphia Federal Reserve using data from the U.S. Census Bureau, the Institute for Supply Management, and other sources.
Q: How is this trend used in economic policy?
A: The Leading Index for Washington is used by policymakers, economists, and businesses to inform decision-making and anticipate economic conditions in the state.
Q: Are there update delays or limitations?
A: The Leading Index for Washington is published monthly, and there may be a short delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Leading Index for Washington (WASLIND), retrieved from FRED.