Leading Index for South Carolina
SCSLIND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.82
Year-over-Year Change
-44.97%
Date Range
1/1/1982 - 2/1/2020
Summary
The Leading Index for South Carolina is a composite indicator that measures the state's economic conditions and forecasts future economic activity. It is a key metric for policymakers and analysts assessing the state's economic health.
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 South Carolina combines several economic indicators, including manufacturing hours, initial unemployment claims, and the S&P 500, to provide a comprehensive snapshot of the state's economic performance. It is used to anticipate changes in the broader economy and inform decision-making.
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 South Carolina is widely monitored by state officials, businesses, and investors to gauge economic trends and guide policy decisions.
Key Facts
- The index has a base year of 2007.
- It has been published since 1979.
- Higher values indicate a stronger economic outlook for South Carolina.
FAQs
Q: What does this economic trend measure?
A: The Leading Index for South Carolina is a composite indicator that tracks the state's economic conditions and forecasts future economic activity.
Q: Why is this trend relevant for users or analysts?
A: The Leading Index for South Carolina is a valuable tool for policymakers, businesses, and investors to assess the state's economic health 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 South Carolina is closely monitored by state officials to guide policy decisions and track the state's economic performance.
Q: Are there update delays or limitations?
A: The Leading Index for South Carolina is updated monthly, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Leading Index for South Carolina (SCSLIND), retrieved from FRED.