Taking the Pulse of the Tech Sector: A Coincident Index of High-Tech Activity

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Current Issues in Economics and Finance

Taking the Pulse of the Tech Sector: A Coincident Index of High-Tech Activity

October 2003 Volume 9, Number 10

JEL classification: C2, E32, L6

Authors: Bart Hobijn, Kevin J. Stiroh, and Alexis Antoniades

A new index of the U.S. high-tech sector—drawing upon a range of technology-specific data—has the potential to offer a more timely assessment of economic activity than has been possible to date. The index suggests that while the tech sector has rebounded from its poor performance in the 2000-01 "tech bust," it has not resumed its rapid expansion of the late 1990s.

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7 pages / 143 kb

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