State
Leading Indicators
Offered by
e-forecasting
Most discussions of leading indicators focus on the national
economy. However, regional leading indicators are also
important, and they can vary significantly from one region to
another.
Analysis of regional leading indicators can help businesses plan
investments, project sales, decide whether it is a good time to
enter new markets, or identify future growth in existing
markets. A look at any state’s leading indicator illustrates how
future trends and cyclical behavior can differ from the national
average and from other states.
e-forecasting uses the NBER/Conference Board methodology,
the founders of the national index, to create a consistent set
of leading indicators for the 50 states. Each state’s composite
leading index includes forward-looking indicators from the labor
markets, housing, manufacturing, consumer expectations, foreign
demand for state products, and financial activity metrics.
Our unique state leading indicators are published in statewide
business publications under a co-branding project to help
provide business leaders with this unique and timely state-level
information. Currently, we have these partnerships with
publications in New Hampshire, Vermont, Florida and Colorado
with New Hampshire Business Review, Vermont Business Magazine,
Orlando Business Journal and Northern Colorado Business Report,
respectively.
Why State
Leading Indicators?
It is important to look at the state level business cycle
because they are not always in sync with the national cycle. Due
to this, state leading indicators improve regional forecast
accuracy in comparison to a single national leading indicator.
Based on research by the Philadelphia Federal Reserve, only 15
states have had recessions that correspond to all four national
downturns since 1979. At the same time, they found that there
were 22 states have had at least one recession that did not
correspond to a national recession. With this in mind, it is
clear that getting a more granular look at the economy may prove
to be beneficial to your business success.
Ask for your
State Leading Indicators Free Sample
