Index of Coincident Economic Indicators

Tracking economic activity in New Jersey, New York, and New York City
For July 2014, released August 2014

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Indexes of Coincident Economic Indicators (CEI) for the New York-New Jersey Region
1995 to present

Coincident Economic Indicators (CEI) for the New York-New Jersey Region


Our Indexes of Coincident Economic Indicators (CEI) for July show economic activity expanded at a blistering pace in New York City, a strong rate in New York State, and an increasingly brisk pace in New Jersey.

Background

A coincident index is a single summary statistic that tracks the current state of the economy. The index is computed from a number of data series that move systematically with overall economic conditions. A rise in the index indicates an expansion of economic activity and a decline in the index indicates a contraction in economic activity. Each of the regional indexes is computed using data on employment, real earnings, the unemployment rate and average weekly hours worked in manufacturing. The estimated New York State, New York City, and New Jersey Coincident Indexes are then calibrated to match the mean and standard deviation of their respective real earnings series.

For more information, see:
Just Released: February Report Points to Moderate Regional Economic Growth
Federal Reserve Bank of New York Liberty Street Economics Blog, April 2013

Just Released: August Indexes of Coincident Economic Indicators Show Uneven Growth across the Region
Federal Reserve Bank of New York Liberty Street Economics Blog, September 2012

Just Released: January's Indexes of Coincident Economic Indicators Show Fairly Robust Activity across the Region
Federal Reserve Bank of New York Liberty Street Economics Blog, March 2012

Just Released: July’s Indexes of Coincident Economic Indicators Show Economic Activity Picking Up across the Region
Federal Reserve Bank of New York Liberty Street Economics Blog, August 2011

Two New Indexes Offer a Broad View of Economic Activity in the New York-New Jersey Region PDF
By James Orr, Robert Rich and Rae Rosen, Current Issues in Economics and Finance 5 (14), Oct 1999, 6 pages / 322 kb

Is the Worst Over? Economic Indexes and the Course of the Recession in New York and New Jersey PDF
By Jason Bram, James Orr, Robert Rich, Rae Rosen, and Joseph Song, Current Issues in Economics and Finance Second District Highlights (15) 5, September 2009, 7 pages / 371 kb

For further questions, contact James Orr, (212) 720-5491, or Rae Rosen, (212) 720-1935.

Other Regional Economic Activity Indexes
Economic Activity Indexes for PA, NJ, and DE OFFSITE
Philadelphia Federal Reserve Bank

Coincident and Leading Economic Indicators for Texas OFFSITE
Dallas Federal Reserve Bank