Coincident Economic Activity Index for South Dakota
SDPHCI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
157.72
Year-over-Year Change
2.37%
Date Range
1/1/1979 - 6/1/2025
Summary
The Coincident Economic Activity Index for South Dakota is a composite indicator that measures the overall health of the state's economy. It provides a broad assessment of economic conditions and is used by policymakers and analysts to track South Dakota's economic performance.
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 South Dakota is a monthly indicator produced by the Federal Reserve Bank of Philadelphia. It combines several economic variables, including employment, personal income, and manufacturing, to give a comprehensive snapshot of the state's economic activity.
Methodology
The index is calculated using a dynamic factor model that extracts the common trends from the component series.
Historical Context
The index is widely monitored by economists and policymakers to gauge the direction of the South Dakota economy and inform policy decisions.
Key Facts
- The index has a base year of 2007 = 100.
- It is released on a monthly basis by the Federal Reserve Bank of Philadelphia.
- South Dakota's coincident index has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: The Coincident Economic Activity Index for South Dakota measures the overall health and performance of the state's economy by combining several key economic indicators.
Q: Why is this trend relevant for users or analysts?
A: This index provides a comprehensive snapshot of South Dakota's economic conditions, which is valuable for policymakers, businesses, and analysts seeking to understand the state's economic trends and make informed decisions.
Q: How is this data collected or calculated?
A: The index is calculated using a dynamic factor model that extracts the common trends from employment, personal income, and manufacturing data for South Dakota.
Q: How is this trend used in economic policy?
A: The Coincident Economic Activity Index for South Dakota is closely monitored by economists and policymakers to gauge the direction of the state's economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The index is released on a monthly basis by the Federal Reserve Bank of Philadelphia, with no significant update delays.
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Citation
U.S. Federal Reserve, Coincident Economic Activity Index for South Dakota (SDPHCI), retrieved from FRED.