Leading Index for North Dakota
NDSLIND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.05
Year-over-Year Change
101.99%
Date Range
1/1/1982 - 2/1/2020
Summary
The Leading Index for North Dakota is an economic indicator that provides a snapshot of the state's economic conditions and future performance. It is closely monitored by policymakers and analysts to gauge the direction of the state's 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 North Dakota is a composite index that tracks several economic variables, including manufacturing hours, initial unemployment claims, and the value of the state's exports. It is designed to signal turning points in the state's economic cycle and predict future economic activity.
Methodology
The index is calculated by the Federal Reserve Bank of Philadelphia using data from various government and private sources.
Historical Context
The Leading Index for North Dakota is a valuable tool for assessing the health of the state's economy and informing policy decisions.
Key Facts
- The index was first published in 1991.
- It is updated monthly by the Federal Reserve Bank of Philadelphia.
- North Dakota's economy is heavily dependent on the energy and agriculture sectors.
FAQs
Q: What does this economic trend measure?
A: The Leading Index for North Dakota measures the overall health and future direction of the state's economy. It tracks several key economic variables to signal turning points in the economic cycle.
Q: Why is this trend relevant for users or analysts?
A: The Leading Index for North Dakota is a valuable tool for policymakers, businesses, and investors to assess the state's economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve Bank of Philadelphia using data from various government and private sources.
Q: How is this trend used in economic policy?
A: The Leading Index for North Dakota is closely monitored by policymakers and analysts to gauge the direction of the state's economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The Leading Index for North Dakota is updated monthly, with minimal delays. However, as with any economic indicator, it may not fully capture all aspects of the state's complex economic landscape.
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NDMOTOLICTAX
State Government Tax Collections, Hunting and Fishing Licenses in North Dakota
NDHUNTLICTAX
Real Gross Domestic Product: Transit and Ground Passenger Transportation (485) in North Dakota
NDTRANGRNDTRANRGSP
Regional Price Parities: All Items: Nonmetropolitan Portion for North Dakota
NDNMPRPPALL
Value of Exports to Turkey from North Dakota
NDTURA052SCEN
Real Gross Domestic Product: Professional and Business Services (54, 55, 56) in North Dakota
NDPROBUSRGSP
Citation
U.S. Federal Reserve, Leading Index for North Dakota (NDSLIND), retrieved from FRED.