Table Data - Brave-Butters-Kelley Coincident Index

Title Brave-Butters-Kelley Coincident Index
Series ID BBKMCOIX
Source Indiana University: Indiana Business Research Center
Release Brave-Butters-Kelley Indexes
Seasonal Adjustment Seasonally Adjusted
Frequency Monthly
Units Standard Deviations
Date Range 1960-01-01 to 2026-09-01
Last Updated 2026-11-02 7:33 AM CST
Notes The Brave-Butters-Kelley Indexes (BBKI) are the byproduct of research originally conducted by the Federal Reserve Bank of Chicago. Currently, the BBKI are maintained and produced by the Indiana Business Research Center at the Kelley School of Business at Indiana University. The BBK Coincident and Leading Indexes and Monthly GDP Growth for the U.S. are constructed from a collapsed dynamic factor analysis of a panel of 490 monthly measures of real economic activity and quarterly real GDP growth.

The BBK Coincident Index is the sum of the leading and lagging subcomponents of the cycle measured in standard deviation units from trend real GDP growth.

For more details, see also:
Brave, Scott A., Ross Cole, and David Kelley, 2019, A 'big data' view of the U.S. economy: Introducing the Brave-Butters-Kelley Indexes, Chicago Fed Letter, Federal Reserve Bank of Chicago, No. 422. Crossref, https://doi.org/10.21033/cfl-2019-422
Brave, Scott A., R. Andrew Butters, and David Kelley, 2019, A new 'big data' index of U.S. economic activity, Economic Perspectives, Federal Reserve Bank of Chicago, Vol. 43, No. 1. Crossref, https://doi.org/10.21033/ep-2019-1
DATE VALUE
1960-01-01 1.8238058099
1960-02-01 -0.5011537918
1960-03-01 -1.5677313997
1960-04-01 -0.3488196084
1960-05-01 -0.8543527620
1960-06-01 -1.2486031221
1960-07-01 -0.8127139342
1960-08-01 -0.7982615847
1960-09-01 -0.9796156606
1960-10-01 -0.9817070622
1960-11-01 -2.0646297332
1960-12-01 -2.1389138446
1961-01-01 -0.5845185416
1961-02-01 -0.5206007125
1961-03-01 0.6095282249
1961-04-01 1.2009585212
1961-05-01 1.1997997447
1961-06-01 1.2674364984
1961-07-01 0.9218492810
1961-08-01 1.4121194311
1961-09-01 0.2733710154
1961-10-01 1.6229297165
1961-11-01 1.5840375900
1961-12-01 1.0111455382
1962-01-01 -0.3916903891
1962-02-01 1.6613210700
1962-03-01 0.6568316492
1962-04-01 0.2782482617
1962-05-01 -0.0711611257
1962-06-01 -0.3953608401
1962-07-01 0.4403438822
1962-08-01 -0.0440392752
1962-09-01 0.5061426613
1962-10-01 -0.2635115532
1962-11-01 0.2022143556
1962-12-01 -0.2910565355
1963-01-01 0.1722330641
1963-02-01 1.0771370019
1963-03-01 0.5009014915
1963-04-01 1.0605050676
1963-05-01 0.8157981245
1963-06-01 0.4448971064
1963-07-01 0.1754006836
1963-08-01 0.2159849360
1963-09-01 0.6122664222
1963-10-01 0.8845993971
1963-11-01 0.1250262966
1963-12-01 0.3690265437
1964-01-01 0.7801933730
1964-02-01 0.9168739744
1964-03-01 0.4936316451
1964-04-01 1.1142149126
1964-05-01 0.6890300299
1964-06-01 0.1223914322
1964-07-01 1.0209777411
1964-08-01 0.2429459757
1964-09-01 0.4714573993
1964-10-01 -0.8708554651
1964-11-01 2.0073408169
1964-12-01 1.4298424667
1965-01-01 0.8391624798
1965-02-01 0.7469462786
1965-03-01 1.6526762632
1965-04-01 0.6065308474
1965-05-01 0.7735576069
1965-06-01 0.6875275293
1965-07-01 1.3696513856
1965-08-01 0.4877045193
1965-09-01 0.6315829154
1965-10-01 1.3866755275
1965-11-01 1.2418361140
1965-12-01 1.4453774734
1966-01-01 1.0901099414
1966-02-01 1.2227052918
1966-03-01 1.4185856261
1966-04-01 -0.0541799499
1966-05-01 -0.1660596018
1966-06-01 0.3506384872
1966-07-01 0.1942614299
1966-08-01 0.2850931884
1966-09-01 0.4755002862
1966-10-01 0.2020198558
1966-11-01 -0.6764581646
1966-12-01 -0.2718508162
1967-01-01 -0.0068768977
1967-02-01 -0.9962790399
1967-03-01 -0.2776087671
1967-04-01 -0.0844082359
1967-05-01 -0.4528339605
1967-06-01 0.1258364308
1967-07-01 -0.3431056772
1967-08-01 1.2604774740
1967-09-01 0.0155192447
1967-10-01 0.0503591857
1967-11-01 1.8311276967
1967-12-01 1.3366817252
1968-01-01 -0.2293895855
1968-02-01 0.4269157775
1968-03-01 0.6535919818
1968-04-01 0.2048377701
1968-05-01 0.9841615697
1968-06-01 0.3128291129
1968-07-01 0.2672554561
1968-08-01 -0.4409592641
1968-09-01 0.5695710260
1968-10-01 0.6246376118
1968-11-01 0.7547669217
1968-12-01 -0.1413507251
1969-01-01 0.3218676002
1969-02-01 0.3647075826
1969-03-01 0.7348236895
1969-04-01 0.0652242145
1969-05-01 -0.4096138415
1969-06-01 0.0884666615
1969-07-01 0.0280343961
1969-08-01 0.1055443108
1969-09-01 -0.1134180736
1969-10-01 -0.1743431745
1969-11-01 -1.4149344011
1969-12-01 -0.6605982354
1970-01-01 -1.7736450096
1970-02-01 -0.6045781654
1970-03-01 -0.9858640472
1970-04-01 -0.9373156739
1970-05-01 -0.3538555431
1970-06-01 -0.3136472624
1970-07-01 0.0074324398
1970-08-01 -0.7743770663
1970-09-01 -0.9762576187
1970-10-01 -2.0809923657
1970-11-01 -1.3218891263
1970-12-01 2.0750880864
1971-01-01 0.6966253891
1971-02-01 0.2149447955
1971-03-01 0.1168741356
1971-04-01 0.3797458816
1971-05-01 0.4666953128
1971-06-01 0.5768690511
1971-07-01 -0.6537244315
1971-08-01 -0.1913479938
1971-09-01 0.9904205306
1971-10-01 0.1904625742
1971-11-01 0.7205846023
1971-12-01 1.1829414813
1972-01-01 1.6271606314
1972-02-01 0.7947372494
1972-03-01 1.0688095947
1972-04-01 0.8949832181
1972-05-01 0.4298601220
1972-06-01 0.4757468983
1972-07-01 -0.2004123122
1972-08-01 1.4989308797
1972-09-01 1.1950487751
1972-10-01 1.3699553470
1972-11-01 1.6240616895
1972-12-01 1.3391049122
1973-01-01 1.2657145198
1973-02-01 1.3546125720
1973-03-01 0.3388702458
1973-04-01 -0.2965971085
1973-05-01 0.1701719445
1973-06-01 -0.0759957435
1973-07-01 -0.1691354753
1973-08-01 -0.5387827188
1973-09-01 -0.2096685777
1973-10-01 0.8643063972
1973-11-01 0.4107440528
1973-12-01 -0.9772148759
1974-01-01 -0.7906699949
1974-02-01 -0.7199252365
1974-03-01 -0.4420181444
1974-04-01 -0.8744726103
1974-05-01 0.0893924815
1974-06-01 -0.7682243602
1974-07-01 -0.6359244337
1974-08-01 -1.2553246669
1974-09-01 -1.0411434860
1974-10-01 -1.3838089455
1974-11-01 -3.2200248960
1974-12-01 -4.4487588780
1975-01-01 -2.1281822512
1975-02-01 -2.6472603857
1975-03-01 -2.4817418568
1975-04-01 0.0934341077
1975-05-01 -0.3170145937
1975-06-01 0.4466526077
1975-07-01 1.2692213616
1975-08-01 0.9210847078
1975-09-01 1.0565567885
1975-10-01 0.3718954290
1975-11-01 0.0002905952
1975-12-01 1.2148271331
1976-01-01 1.6300684529
1976-02-01 1.0166930780
1976-03-01 0.3999057770
1976-04-01 0.3264814053
1976-05-01 0.4012983840
1976-06-01 0.2684701883
1976-07-01 0.3578301712
1976-08-01 0.1642240025
1976-09-01 0.2009716314
1976-10-01 -0.2261321107
1976-11-01 1.0513044139
1976-12-01 1.3194056146
1977-01-01 -0.4812492636
1977-02-01 1.6676346273
1977-03-01 1.5008776224
1977-04-01 0.8852568278
1977-05-01 0.7364835314
1977-06-01 0.8790137265
1977-07-01 0.2785152735
1977-08-01 0.3953569160
1977-09-01 0.1965494087
1977-10-01 0.1669154225
1977-11-01 0.3538821346
1977-12-01 0.4808887493
1978-01-01 -1.8171679126
1978-02-01 1.3072378897
1978-03-01 2.0084659251
1978-04-01 2.3873511222
1978-05-01 0.7336915181
1978-06-01 0.9474992204
1978-07-01 -0.1686059285
1978-08-01 0.6947792769
1978-09-01 0.2406860922
1978-10-01 0.6933641285
1978-11-01 0.6515367673
1978-12-01 0.2037090665
1979-01-01 -0.9995037355
1979-02-01 -0.1763470924
1979-03-01 0.9095647210
1979-04-01 -1.9574875012
1979-05-01 1.2116406651
1979-06-01 -0.3359782067
1979-07-01 -0.4033661026
1979-08-01 -0.9128733576
1979-09-01 -0.6428958868
1979-10-01 -0.0126123733
1979-11-01 -0.7681464633
1979-12-01 -0.5623155871
1980-01-01 -0.1207075440
1980-02-01 -0.9466299507
1980-03-01 -2.3513117954
1980-04-01 -3.4074483852
1980-05-01 -3.5091566048
1980-06-01 -1.9465825918
1980-07-01 -0.8919130418
1980-08-01 0.2812002516
1980-09-01 1.7724225312
1980-10-01 1.4939752924
1980-11-01 0.9198156027
1980-12-01 0.4782526187
1981-01-01 -0.2900221350
1981-02-01 -0.6849164485
1981-03-01 -0.3809358862
1981-04-01 -0.2309207791
1981-05-01 -0.4211487951
1981-06-01 -0.4037407094
1981-07-01 -0.0463667878
1981-08-01 -0.7758894447
1981-09-01 -1.2893415556
1981-10-01 -1.9214053077
1981-11-01 -1.9883380679
1981-12-01 -2.2755163803
1982-01-01 -2.6256100965
1982-02-01 1.3353045749
1982-03-01 -1.1685529457
1982-04-01 -1.4112087957
1982-05-01 -0.7914250196
1982-06-01 -0.9078102027
1982-07-01 -0.8007842783
1982-08-01 -1.4616861936
1982-09-01 -0.6829485760
1982-10-01 -1.3655846985
1982-11-01 -0.5991423074
1982-12-01 -0.3958284127
1983-01-01 1.7788851157
1983-02-01 -0.2467907478
1983-03-01 1.2146331424
1983-04-01 1.2945938360
1983-05-01 1.3128190980
1983-06-01 1.7694511904
1983-07-01 1.3673934261
1983-08-01 0.9859131710
1983-09-01 1.8347703828
1983-10-01 1.2140493829
1983-11-01 1.0994652432
1983-12-01 1.1417361473
1984-01-01 1.6607613135
1984-02-01 1.1673353850
1984-03-01 0.5034159572
1984-04-01 0.6780583826
1984-05-01 0.8824914587
1984-06-01 0.5183851516
1984-07-01 0.0744089634
1984-08-01 0.0481658855
1984-09-01 -0.5152265129
1984-10-01 0.3357138225
1984-11-01 0.4928822222
1984-12-01 -0.0106538359
1985-01-01 -0.2199434712
1985-02-01 0.0174236373
1985-03-01 0.5420164252
1985-04-01 -0.2452091218
1985-05-01 0.3024858628
1985-06-01 -0.6086631036
1985-07-01 -0.1697835095
1985-08-01 0.6349771581
1985-09-01 0.0664473618
1985-10-01 -0.1905638551
1985-11-01 0.3891942584
1985-12-01 0.1526095275
1986-01-01 0.8951530630
1986-02-01 -0.8911255937
1986-03-01 -0.8916227799
1986-04-01 0.3754106629
1986-05-01 -0.3124445202
1986-06-01 -0.2537184682
1986-07-01 0.2543081685
1986-08-01 -0.0553117908
1986-09-01 0.4407650553
1986-10-01 -0.3764290547
1986-11-01 -0.1552776812
1986-12-01 0.7601372446
1987-01-01 -0.9070574378
1987-02-01 1.4111453455
1987-03-01 -0.0519356301
1987-04-01 0.1711347056
1987-05-01 0.3216484875
1987-06-01 0.4673682058
1987-07-01 0.7851547899
1987-08-01 0.0939753128
1987-09-01 0.7317542492
1987-10-01 0.8049575345
1987-11-01 0.1700983721
1987-12-01 0.4745447163
1988-01-01 -0.3383212145
1988-02-01 0.5663862837
1988-03-01 0.5563033035
1988-04-01 0.3417492931
1988-05-01 -0.0401083730
1988-06-01 0.4883747669
1988-07-01 -0.1418950401
1988-08-01 0.0751994663
1988-09-01 0.1673090418
1988-10-01 0.3586757105
1988-11-01 0.3476664278
1988-12-01 0.7853550984
1989-01-01 0.2486966000
1989-02-01 -0.7406886628
1989-03-01 -0.1208636597
1989-04-01 0.1954747640
1989-05-01 -0.5748348385
1989-06-01 -0.4406861622
1989-07-01 -1.1134026437
1989-08-01 0.7163676053
1989-09-01 -0.5949412763
1989-10-01 -0.6132739859
1989-11-01 0.1239637692
1989-12-01 -0.1015677935
1990-01-01 -0.0923347093
1990-02-01 0.5427831358
1990-03-01 0.0558929122
1990-04-01 -1.1482004236
1990-05-01 -0.3101324766
1990-06-01 -0.3201417355
1990-07-01 -0.9432808176
1990-08-01 -0.4147510657
1990-09-01 -1.2128259421
1990-10-01 -1.2531674439
1990-11-01 -2.1548552922
1990-12-01 -1.4559930052
1991-01-01 -1.5043896305
1991-02-01 -1.3037126426
1991-03-01 -1.3269133693
1991-04-01 0.2468552461
1991-05-01 0.2049792662
1991-06-01 0.0084427076
1991-07-01 0.2469505141
1991-08-01 -0.2462916388
1991-09-01 0.1914522032
1991-10-01 -0.4051230698
1991-11-01 -0.5237453752
1991-12-01 -1.0754700216
1992-01-01 -0.1982487536
1992-02-01 0.2652440986
1992-03-01 0.8173734044
1992-04-01 0.5298343757
1992-05-01 -0.0114535043
1992-06-01 0.2319352437
1992-07-01 0.4302555942
1992-08-01 -0.8156413207
1992-09-01 0.2156380819
1992-10-01 0.3109646892
1992-11-01 0.0485218335
1992-12-01 0.3172239619
1993-01-01 0.1280332757
1993-02-01 0.0010215585
1993-03-01 -0.3816879789
1993-04-01 0.1322354703
1993-05-01 -0.0979467165
1993-06-01 -0.0319249621
1993-07-01 -0.1509125060
1993-08-01 -0.0767718939
1993-09-01 0.5327523656
1993-10-01 0.6795047472
1993-11-01 0.4213550901
1993-12-01 0.5872763495
1994-01-01 0.0295667968
1994-02-01 0.1408082879
1994-03-01 1.2887176029
1994-04-01 0.3464113658
1994-05-01 0.4738314694
1994-06-01 0.5532422349
1994-07-01 -0.0010272234
1994-08-01 0.7205724687
1994-09-01 0.1701988909
1994-10-01 0.5120456441
1994-11-01 0.6700516200
1994-12-01 0.7962939457
1995-01-01 -0.0822087074
1995-02-01 -0.3852421424
1995-03-01 -0.3036107666
1995-04-01 -0.5688629007
1995-05-01 -0.0426359981
1995-06-01 0.1502523479
1995-07-01 -0.5735981030
1995-08-01 0.8660242193
1995-09-01 0.4460262782
1995-10-01 -0.3169973876
1995-11-01 0.0790181106
1995-12-01 0.2658642048
1996-01-01 -1.0204304386
1996-02-01 0.7725839942
1996-03-01 0.2740314415
1996-04-01 0.5719315422
1996-05-01 0.6818049344
1996-06-01 0.4496099133
1996-07-01 0.0166054167
1996-08-01 0.2872416521
1996-09-01 0.3363203004
1996-10-01 0.0903049492
1996-11-01 0.5644469334
1996-12-01 0.0080643035
1997-01-01 0.0477301963
1997-02-01 1.1714033321
1997-03-01 0.5129578265
1997-04-01 0.4362098981
1997-05-01 0.2620056356
1997-06-01 0.5636426479
1997-07-01 0.9083592615
1997-08-01 0.5801429071
1997-09-01 0.7259407921
1997-10-01 0.4488768136
1997-11-01 0.5945030869
1997-12-01 0.2450469046
1998-01-01 0.2762068693
1998-02-01 0.4492743461
1998-03-01 0.0933628083
1998-04-01 0.1953512906
1998-05-01 0.4009787571
1998-06-01 -0.3206845206
1998-07-01 -0.1933509687
1998-08-01 1.0502550599
1998-09-01 0.2741602166
1998-10-01 0.5007673002
1998-11-01 0.0093156959
1998-12-01 0.1910316515
1999-01-01 0.0821059047
1999-02-01 0.5731380762
1999-03-01 -0.0185628373
1999-04-01 0.1776644764
1999-05-01 0.4787356065
1999-06-01 0.0910267514
1999-07-01 0.4504718245
1999-08-01 0.4323149307
1999-09-01 0.0985420995
1999-10-01 0.9114633963
1999-11-01 0.4646576472
1999-12-01 0.5984217561
2000-01-01 0.2806203685
2000-02-01 -0.2381333137
2000-03-01 0.7675312558
2000-04-01 0.4428811556
2000-05-01 -0.1441722297
2000-06-01 0.3307226130
2000-07-01 -0.4538418819
2000-08-01 -0.2898697642
2000-09-01 0.3625962755
2000-10-01 -0.5658622306
2000-11-01 -0.5122923191
2000-12-01 -0.6966519300
2001-01-01 -0.7156712541
2001-02-01 -1.0089289245
2001-03-01 -0.9911213520
2001-04-01 -1.2003876619
2001-05-01 -0.6593548936
2001-06-01 -1.1750702703
2001-07-01 -1.0636161987
2001-08-01 -0.8357173510
2001-09-01 -1.4160827708
2001-10-01 -0.8305373785
2001-11-01 -1.0877890420
2001-12-01 -0.5535109800
2002-01-01 -0.0795174953
2002-02-01 -0.0161139089
2002-03-01 -0.0664139043
2002-04-01 0.3672310303
2002-05-01 0.0427958557
2002-06-01 -0.0451071723
2002-07-01 -0.4965137894
2002-08-01 -0.3142621445
2002-09-01 -0.6396300876
2002-10-01 -0.5538625210
2002-11-01 -0.0389176725
2002-12-01 -0.8068908490
2003-01-01 0.2128671846
2003-02-01 -0.4165959888
2003-03-01 -0.2404751495
2003-04-01 -0.7218495067
2003-05-01 0.0538896253
2003-06-01 0.3489934352
2003-07-01 0.4069899739
2003-08-01 0.0948313122
2003-09-01 0.7804473156
2003-10-01 0.4587591429
2003-11-01 0.5335572842
2003-12-01 0.2400205872
2004-01-01 0.1148435741
2004-02-01 0.4712171820
2004-03-01 0.7188951049
2004-04-01 0.1679366309
2004-05-01 0.4864339739
2004-06-01 0.1204361157
2004-07-01 0.4720664316
2004-08-01 0.3099376334
2004-09-01 0.2730062301
2004-10-01 0.5887085495
2004-11-01 0.3601342275
2004-12-01 0.7787846179
2005-01-01 0.4864672145
2005-02-01 0.3718067238
2005-03-01 -0.1143673463
2005-04-01 0.5320951429
2005-05-01 -0.0768645223
2005-06-01 0.1435625162
2005-07-01 -0.2654973219
2005-08-01 0.4925439611
2005-09-01 -0.0432289085
2005-10-01 0.5152268004
2005-11-01 0.7666672958
2005-12-01 0.4363453486
2006-01-01 0.4951113011
2006-02-01 0.1036994760
2006-03-01 0.3268839342
2006-04-01 -0.1294371300
2006-05-01 0.0758451818
2006-06-01 -0.1573421964
2006-07-01 -0.3737060583
2006-08-01 0.1139395302
2006-09-01 -0.2695986482
2006-10-01 -0.3759879762
2006-11-01 -0.0737039498
2006-12-01 0.6196134824
2007-01-01 -0.4489093114
2007-02-01 0.1531529365
2007-03-01 0.2560020542
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2009-04-01 -1.8788236930
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2010-03-01 0.5956478075
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2012-02-01 0.2992723158
2012-03-01 0.0017283931
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2021-02-01 -0.9687686715
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2026-06-01 -0.2736320241
2026-07-01 0.0224197125
2026-08-01 -0.0117777947
2026-09-01 0.1602896903

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