Coincident Economic Activity Index for Rhode Island
RIPHCI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.93
Year-over-Year Change
0.76%
Date Range
1/1/1979 - 6/1/2025
Summary
The Coincident Economic Activity Index for Rhode Island is a composite indicator that tracks the state's overall economic performance. It is a key metric used by economists and policymakers to assess Rhode Island's current 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 Coincident Economic Activity Index for Rhode Island combines several economic variables, such as employment, personal income, and industrial production, to provide a comprehensive measure of the state's economic activity. This index is widely referenced to understand Rhode Island's economic trends 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 Index is used by economists, policymakers, and businesses to monitor Rhode Island's economic performance and assess the impact of policy changes or market conditions.
Key Facts
- The index has a base year of 2012.
- Rhode Island's Coincident Index reached an all-time high in 2022.
- The 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 Rhode Island is a composite indicator that tracks the overall economic performance of the state.
Q: Why is this trend relevant for users or analysts?
A: This index is widely used by economists, policymakers, and businesses to understand Rhode Island's economic conditions and inform decision-making.
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 Index is used to monitor Rhode Island's economic performance and assess the impact of policy changes or market conditions on the state's economy.
Q: Are there update delays or limitations?
A: The index is published monthly, with minimal delays, and provides a comprehensive measure of Rhode Island's economic activity.
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Citation
U.S. Federal Reserve, Coincident Economic Activity Index for Rhode Island (RIPHCI), retrieved from FRED.