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

Our Indexes of Coincident Economic Indicators (CEI) for November show a significant downturn in activity in New York State and continued decline in New Jersey. The index for New York City shows a decline for November. The readings for each of the three preceding months were revised from moderate increases to moderate declines.

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. Each index is then retrended so its long-term growth rate matched the corresponding growth rate of real earnings.

For more information, see:
Two New Indexes Offer a Broad View of Economic Activity in the New York-New Jersey Region
By James Orr, Robert Rich and Rae Rosen, Current Issues in Economics and Finance 5 (14), Oct 1999, 6 pages/ 322 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
Philadelphia Federal Reserve Bank

Coincident and Leading Economic Indicators for Texas
Dallas Federal Reserve Bank