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Arizona - Leading index

2.20 (%) in September 2017

In September 2017, leading index for Arizona was 2.2 %. Though Arizona leading index fluctuated substantially in recent months, it tended to decrease through October 2012 - September 2017 period ending at 2.2 % in September 2017.

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What is leading index?

The Federal Reserve Bank of Philadelphia produces leading indexes for each of the 50 states. The indexes are calculated monthly and are usually released a week after the release of the coincident indexes. The Bank issues a release each month describing the current and future economic situation of the 50 states with special coverage of the Third District: Pennsylvania, New Jersey, and Delaware. The leading index for each state predicts the six-month growth rate of the state’s coincident index. In addition to the coincident index, the models include other variables that lead the economy: state-level housing permits (1 to 4 units), state initial unemployment insurance claims, delivery times from the Institute for Supply Management (ISM) manufacturing survey, and the interest rate spread between the 10-year Treasury bond and the 3-month Treasury bill. A time-series model (vector autoregression) is used to construct the leading index. Current and prior values of the forecast variables are used to determine the future values of the index.

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What is Arizona leading index?

Date Value Change, %
2017M9 2.20 -3.51 %
2017M8
2017M7
2017M6
2017M5
2017M4
2017M3
2017M2
2017M1
2016M12
2016M11
2016M10