Home > Releases > Brave-Butters-Kelley Indexes > Brave-Butters-Kelley Real Gross Domestic Product
Observation:
Q3 2024: 2.78567 (+ more) Updated: Nov 4, 2024 7:31 AM CSTQ3 2024: | 2.78567 | |
Q2 2024: | 2.94573 | |
Q1 2024: | 1.61516 | |
Q4 2023: | 3.14290 | |
Q3 2023: | 4.26303 |
Units:
Annualized Percent Change from Preceding Period,Frequency:
QuarterlyData 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 Real Gross Domestic Product | 2021-04-01 | 2022-07-04 |
Brave-Butters-Kelley Real Gross Domestic Product (DISCONTINUED) | 2022-07-05 | 2022-08-28 |
Brave-Butters-Kelley Real Gross Domestic Product | 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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Quarterly | 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 BBK Monthly GDP Growth is indexed to the quarterly estimates of real GDP growth from the U.S. Bureau of Economic Analysis and consists of three components: cycle, trend, and irregular components. This quarterly series is aggregated from the monthly version of the series (BBKMGDP) (https://fred.stlouisfed.org/series/BBKMGDP), using the triangle average described in Brave, Butters, and Kelley (2019) (https://www.chicagofed.org/publications/economic-perspectives/2019/1) to approximate quarterly annualized (log) percent changes from the monthly series. 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 BBK Monthly GDP Growth is indexed to the quarterly estimates of real GDP growth from the U.S. Bureau of Economic Analysis and consists of three components: cycle, trend, and irregular components. This quarterly series is aggregated from the monthly version of the series (BBKMGDP (https://fred.stlouisfed.org/series/BBKMGDP)), using the triangle average described in Brave, Butters, and Kelley (2019) (https://www.chicagofed.org/publications/economic-perspectives/2019/1) to approximate quarterly annualized (log) percent changes from the monthly series. 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 |
2022-08-29 | 2024-11-04 |