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Economic Conditions Index for Birmingham-Hoover, AL (MSA) (DISCONTINUED) (BIRAGRIDX)

Observations

Dec 2019: 2.93
Updated: Apr 14, 2020 4:28 PM CDT
Dec 2019:  2.93  
Nov 2019:  1.71  
Oct 2019:  1.52  
Sep 2019:  1.10  
Aug 2019:  1.69  

Units:

Percent,
Seasonally Adjusted Annual Rate

Frequency:

Monthly

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Notes

Title Release Dates
Economic Conditions Index for Birmingham-Hoover, AL (MSA) 2014-12-19 2020-04-13
Economic Conditions Index for Birmingham-Hoover, AL (MSA) (DISCONTINUED) 2020-04-14 2020-04-14
 
Source    
Federal Reserve Bank of St. Louis 2014-12-19 2020-04-14
 
Release    
Metro Area Economic Conditions Indexes 2014-12-19 2020-04-14
 
Units    
Percent, 3-Month Moving Average 2014-12-19 2015-09-28
Percent 2015-09-29 2020-04-14
 
Frequency    
Monthly 2014-12-19 2020-04-14
 
Seasonal Adjustment    
Seasonally Adjusted Annual Rate 2014-12-19 2020-04-14
 
Notes    
The economic activity index measures average economic growth in the metropolitan area. It is computed using a dynamic factor model that includes 14 variables measuring various aspects of economic activity in the MSA.

The index is calibrated to Gross Metropolitan Product (GMP) growth and variance to allow for comparison across metro areas. The observations are 3-month moving averages from the monthly index, so each value represents the average (positive or negative) economic growth in the metro area over the previous three months.

For additional details, see "Metro Business Cycles" (Arias, Gascon, and Rapach (2014)) http://research.stlouisfed.org/wp/more/2014-046/.

2014-12-19 2015-09-28
The economic activity index measures average economic growth in the metropolitan area. It is computed using a dynamic factor model that includes 12 variables measuring various aspects of economic activity in the MSA. The index is calibrated to Gross Metropolitan Product (GMP) growth and variance to allow for comparison across metro areas.

For additional details, see Arias, M.A., C.S. Gascon and D.E. Rapach (2016), “Metro Business Cycles,” Journal of Urban Economics 94, 90-108, http://www.sciencedirect.com/science/article/pii/S009411901630016X.
Federal Reserve Bank of St. Louis Working Paper 2014-046C, https://research.stlouisfed.org/wp/more/2014-046.

2015-09-29 2020-04-14

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Birmingham Academic Data Alabama Discontinued St. Louis Fed Metropolitan Statistical Area Indexes Seasonally Adjusted Copyrighted: Citation Required Monthly United States of America