Coincident Economic Activity Index for Mississippi
MSPHCI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.35
Year-over-Year Change
1.22%
Date Range
1/1/1979 - 6/1/2025
Summary
The Coincident Economic Activity Index for Mississippi is a composite indicator that tracks the overall economic performance of the state. It is a valuable tool for economists and policymakers in assessing the health and trajectory of the Mississippi 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 Coincident Economic Activity Index for Mississippi combines several key economic variables, including employment, personal income, and industrial production, to provide a comprehensive measure of the state's economic conditions. This index is widely used to identify turning points in the business cycle and inform policy decisions.
Methodology
The index is calculated by the Federal Reserve Bank of Philadelphia using a dynamic factor model approach.
Historical Context
The Coincident Economic Activity Index for Mississippi is closely monitored by state and federal policymakers to gauge the effectiveness of economic policies and guide future decision-making.
Key Facts
- The index is published monthly by the Federal Reserve Bank of Philadelphia.
- The index has a base year of 2007 = 100.
- Mississippi's Coincident Economic Activity Index reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: The Coincident Economic Activity Index for Mississippi measures the overall economic performance of the state by combining key indicators like employment, personal income, and industrial production.
Q: Why is this trend relevant for users or analysts?
A: This index is a valuable tool for economists, policymakers, and analysts to assess the health and trajectory of the Mississippi economy, identify turning points in the business cycle, and inform policy 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.
Q: How is this trend used in economic policy?
A: The Coincident Economic Activity Index for Mississippi is closely monitored by state and federal policymakers to gauge the effectiveness of economic policies and guide future decision-making.
Q: Are there update delays or limitations?
A: The index is published monthly, with minimal update delays. As a composite indicator, it may not fully capture all nuances of the Mississippi economy.
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Citation
U.S. Federal Reserve, Coincident Economic Activity Index for Mississippi (MSPHCI), retrieved from FRED.