Leading Index for Nebraska
NESLIND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.19
Year-over-Year Change
160.71%
Date Range
1/1/1982 - 2/1/2020
Summary
The Leading Index for Nebraska (NESLIND) is a composite index that tracks key economic indicators to provide an early assessment of the state's economic conditions.
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 Nebraska is designed to forecast changes in the state's economic activity. It is calculated using a proprietary formula that combines several economic indicators, including employment, manufacturing, housing, and interest rates.
Methodology
The data is collected and calculated by the Federal Reserve Bank of Kansas City.
Historical Context
Policymakers and economists use the Leading Index for Nebraska to anticipate future economic trends and inform decision-making.
Key Facts
- The Leading Index for Nebraska was first published in 1984.
- It is updated monthly by the Federal Reserve Bank of Kansas City.
- The index is designed to lead the Nebraska Business Conditions Index by several months.
FAQs
Q: What does this economic trend measure?
A: The Leading Index for Nebraska measures the direction and pace of economic activity in the state. It combines several key economic indicators to provide an early signal of changes in Nebraska's economic conditions.
Q: Why is this trend relevant for users or analysts?
A: The Leading Index for Nebraska is an important tool for policymakers, businesses, and investors to anticipate future economic trends in the state and inform decision-making.
Q: How is this data collected or calculated?
A: The data for the Leading Index for Nebraska is collected and calculated by the Federal Reserve Bank of Kansas City using a proprietary formula.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the Leading Index for Nebraska to identify emerging economic trends and inform policy decisions at the state level.
Q: Are there update delays or limitations?
A: The Leading Index for Nebraska is updated monthly, but there may be a short delay in the release of the latest data.
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Citation
U.S. Federal Reserve, Leading Index for Nebraska (NESLIND), retrieved from FRED.