Leading Index for Colorado
COSLIND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.42
Year-over-Year Change
-16.96%
Date Range
1/1/1982 - 2/1/2020
Summary
The Leading Index for Colorado is a composite indicator that forecasts economic activity in the state. It is an important gauge for policymakers and analysts to monitor the overall health and near-term outlook of the Colorado 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 Leading Index for Colorado is a monthly index that tracks several leading economic indicators to provide an early signal of future economic conditions in the state. It is designed to predict turning points in the Colorado business cycle and helps identify potential shifts in economic growth.
Methodology
The index is calculated by the Federal Reserve Bank of Philadelphia using data on unemployment claims, housing permits, and other factors.
Historical Context
The Leading Index for Colorado is closely watched by state officials, businesses, and economists to assess the state's economic performance and outlook.
Key Facts
- The index was first published in 1991.
- It is calculated monthly by the Federal Reserve Bank of Philadelphia.
- The index includes data on unemployment claims, housing permits, and other factors.
FAQs
Q: What does this economic trend measure?
A: The Leading Index for Colorado is a composite indicator that forecasts economic activity in the state of Colorado. It combines several leading economic indicators to provide an early signal of future economic conditions.
Q: Why is this trend relevant for users or analysts?
A: The Leading Index for Colorado is an important gauge for policymakers, businesses, and economists to monitor the overall health and near-term outlook of the Colorado economy. It helps identify potential shifts in economic growth and business cycle turning points.
Q: How is this data collected or calculated?
A: The index is calculated monthly by the Federal Reserve Bank of Philadelphia using data on unemployment claims, housing permits, and other factors.
Q: How is this trend used in economic policy?
A: The Leading Index for Colorado is closely watched by state officials, businesses, and economists to assess the state's economic performance and outlook. It informs policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The Leading Index for Colorado is published monthly with no significant update delays. However, as a composite indicator, it may not fully capture all nuances of the state's economic conditions.
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Citation
U.S. Federal Reserve, Leading Index for Colorado (COSLIND), retrieved from FRED.