Leading Index for Arizona (AZSLIND)
2013-03: 1.13 Percent
Monthly, Seasonally Adjusted, Updated: 2013-04-30 9:20 AM CDT
|Source:|| Federal Reserve Bank of Philadelphia
|Release:||State Leading Indexes|
The leading index for each state predicts the six-month growth rate of the state's coincident index. In addition to the coincident index, the models include other variables that lead the economy: state-level housing permits (1 to 4 units), state initial unemployment insurance claims, delivery times from the Institute for Supply Management (ISM) manufacturing survey, and the interest rate spread between the 10-year Treasury bond and the 3-month Treasury bill.