Home > Releases > Brave-Butters-Kelley Indexes > Brave-Butters-Kelley Cycle: Lagging Subcomponent of GDP
Observation:
Sep 2024: -1.36161 (+ more) Updated: Nov 4, 2024 7:31 AM CSTSep 2024: | -1.36161 | |
Aug 2024: | -1.28956 | |
Jul 2024: | -1.61771 | |
Jun 2024: | -1.70915 | |
May 2024: | -1.00784 |
Units:
Annualized Percent Change from Preceding Period,Frequency:
MonthlyData in this graph are copyrighted. Please review the copyright information in the series notes before sharing.
Title | Release Dates | |
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Brave-Butters-Kelley Cycle: Lagging Subcomponent of GDP | 2021-04-01 | 2022-07-04 |
Brave-Butters-Kelley Cycle: Lagging Subcomponent of GDP (DISCONTINUED) | 2022-07-05 | 2022-08-28 |
Brave-Butters-Kelley Cycle: Lagging Subcomponent of GDP | 2022-08-29 | 2024-11-04 |
Source | ||
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Federal Reserve Bank of Chicago | 2021-04-01 | 2022-08-28 |
Indiana University: Indiana Business Research Center | 2022-08-29 | 2024-11-04 |
Release | ||
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Brave-Butters-Kelley Indexes | 2021-04-01 | 2024-11-04 |
Units | ||
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Annualized Percent Change from Preceding Period | 2021-04-01 | 2024-11-04 |
Frequency | ||
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Monthly | 2021-04-01 | 2024-11-04 |
Seasonal Adjustment | ||
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Seasonally Adjusted | 2021-04-01 | 2024-11-04 |
Notes | ||
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The Brave-Butters-Kelley Indexes (BBKI) are a research project of the Federal Reserve Bank of Chicago. The BBK Coincident and Leading Indexes and Monthly GDP Growth for the U.S. are constructed from a collapsed dynamic factor analysis of a panel of 500 monthly measures of real economic activity and quarterly real GDP growth. The lagging subcomponent of the cycle expressed in annualized real GDP growth equivalent units. The cycle component is the sum of the leading and lagging subcomponents. For more details, see also: Brave, Scott A., Ross Cole, and David Kelley, 2019, A 'big data' view of the U.S. economy: Introducing the Brave-Butters-Kelley Indexes (https://www.chicagofed.org/publications/chicago-fed-letter/2019/422), Chicago Fed Letter, Federal Reserve Bank of Chicago, No. 422. Crossref, https://doi.org/10.21033/cfl-2019-422 Brave, Scott A., R. Andrew Butters, and David Kelley, 2019, A new 'big data' index of U.S. economic activity (https://www.chicagofed.org/publications/economic-perspectives/2019/1), Economic Perspectives, Federal Reserve Bank of Chicago, Vol. 43, No. 1. Crossref, https://doi.org/10.21033/ep-2019-1 |
2021-04-01 | 2022-08-28 |
The Brave-Butters-Kelley Indexes (BBKI) are the byproduct of research originally conducted by the Federal Reserve Bank of Chicago. Currently, the BBKI are maintained and produced by the Indiana Business Research Center at the Kelley School of Business at Indiana University. The BBK Coincident and Leading Indexes and Monthly GDP Growth for the U.S. are constructed from a collapsed dynamic factor analysis of a panel of 490 monthly measures of real economic activity and quarterly real GDP growth. The lagging subcomponent of the cycle expressed in annualized real GDP growth equivalent units. The cycle component is the sum of the leading and lagging subcomponents. For more details, see also: ave, Scott A., Ross Cole, and David Kelley, 2019, A 'big data' view of the U.S. economy: Introducing the Brave-Butters-Kelley Indexes (https://www.chicagofed.org/publications/chicago-fed-letter/2019/422), Chicago Fed Letter, Federal Reserve Bank of Chicago, No. 422. Crossref, https://doi.org/10.21033/cfl-2019-422 Brave, Scott A., R. Andrew Butters, and David Kelley, 2019, A new 'big data' index of U.S. economic activity (https://www.chicagofed.org/publications/economic-perspectives/2019/1), Economic Perspectives, Federal Reserve Bank of Chicago, Vol. 43, No. 1. Crossref, https://doi.org/10.21033/ep-2019-1 |
2022-08-29 | 2024-11-04 |