Coincident Economic Activity Index for Maine
MEPHCI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.08
Year-over-Year Change
1.00%
Date Range
1/1/1979 - 6/1/2025
Summary
The Coincident Economic Activity Index for Maine is a key economic indicator that measures the overall state of the Maine economy. It provides a comprehensive assessment of current economic conditions and helps policymakers and analysts understand the state's economic performance.
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 for Maine is a composite indicator that aggregates several economic variables, including employment, personal income, and retail sales. It offers a broad perspective on the economic health of the state and is commonly used to identify turning points in the business cycle.
Methodology
The index is calculated by the Federal Reserve Bank of Philadelphia using a dynamic factor model approach.
Historical Context
This index is closely monitored by state government officials, business leaders, and economic analysts to gauge the current state of the Maine economy and inform policy decisions.
Key Facts
- The index uses multiple economic variables to provide a comprehensive assessment of Maine's economic conditions.
- The index helps identify turning points in the state's business cycle, which is crucial for policymakers and businesses.
- Maine's Coincident Economic Activity Index is published monthly by the Federal Reserve Bank of Philadelphia.
FAQs
Q: What does this economic trend measure?
A: The Coincident Economic Activity Index for Maine measures the overall state of the Maine economy by aggregating multiple economic variables, including employment, personal income, and retail sales.
Q: Why is this trend relevant for users or analysts?
A: This index provides a comprehensive assessment of Maine's economic health and is used by policymakers, businesses, and analysts to identify turning points in the state's business cycle and inform economic decisions.
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 approach that combines multiple economic variables.
Q: How is this trend used in economic policy?
A: Maine's Coincident Economic Activity Index is closely monitored by state government officials, who use it to gauge the current state of the economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly, with a short delay, and provides a timely snapshot of Maine's economic conditions.
Related Trends
Real Gross Domestic Product: Transportation and Warehousing (48-49) in Maine
METRANSWARERGSP
All Employees: Government in Maine
MEGOVT
All Employees: Accommodation and Food Services in Maine
SMU23000007072000001A
Accommodation and Food Services Wages and Salaries in Maine
MEWACC
Real Gross Domestic Product: Real Estate (531) in Maine
MEREALRGSP
Net Earnings by Place of Residence in Maine
MEENET
Citation
U.S. Federal Reserve, Coincident Economic Activity Index for Maine (MEPHCI), retrieved from FRED.