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 2026-04-01
Last Updated 2026-06-01 7:32 AM CDT
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 1.8252630634779055000
1960-02-01 -0.5086167429111442000
1960-03-01 -1.5786757040596118000
1960-04-01 -0.3731302945926557300
1960-05-01 -0.8602332872622995000
1960-06-01 -1.2532163369620750000
1960-07-01 -0.8136423160790562000
1960-08-01 -0.7989532343836773000
1960-09-01 -0.9796305514902045000
1960-10-01 -0.9807875767836258000
1960-11-01 -2.0714951357869165000
1960-12-01 -2.1386204350872644000
1961-01-01 -0.5942635185739606000
1961-02-01 -0.5244944477500717000
1961-03-01 0.6030621589163050000
1961-04-01 1.1998288750039858000
1961-05-01 1.1963265852125522000
1961-06-01 1.2661938844084557000
1961-07-01 0.9261713664834215000
1961-08-01 1.4136977774252830000
1961-09-01 0.2716938071426336000
1961-10-01 1.6132641673951090000
1961-11-01 1.5759065231696818000
1961-12-01 1.0026398032866393000
1962-01-01 -0.3975922900767246000
1962-02-01 1.6485374577502956000
1962-03-01 0.6512340181869962000
1962-04-01 0.2689905662592472000
1962-05-01 -0.0824623007256285700
1962-06-01 -0.4014580129988444000
1962-07-01 0.4364238532158294000
1962-08-01 -0.0508669404644437200
1962-09-01 0.5000938604439980000
1962-10-01 -0.2603069842306521000
1962-11-01 0.1982888735938952400
1962-12-01 -0.2930007548204301400
1963-01-01 0.1716705970762121300
1963-02-01 1.0756204135698317000
1963-03-01 0.4998228668465196000
1963-04-01 1.0536390361645278000
1963-05-01 0.8102077698824253000
1963-06-01 0.4395736550236393000
1963-07-01 0.1673934590926289500
1963-08-01 0.2079250323496771600
1963-09-01 0.6068824842003193000
1963-10-01 0.8785660401079302000
1963-11-01 0.1197710226481371000
1963-12-01 0.3671251165111806000
1964-01-01 0.7736366048617722000
1964-02-01 0.9060082544624386000
1964-03-01 0.4839768891607856300
1964-04-01 1.1044212264424704000
1964-05-01 0.6800618475353541000
1964-06-01 0.1200610481458191100
1964-07-01 1.0173667141439573000
1964-08-01 0.2391163036481474300
1964-09-01 0.4683500504545728000
1964-10-01 -0.8688849994785630000
1964-11-01 2.0074789588188130000
1964-12-01 1.4292538555491480000
1965-01-01 0.8396205345515527000
1965-02-01 0.7426640462160103000
1965-03-01 1.6440960907180318000
1965-04-01 0.5963694866091522000
1965-05-01 0.7642615245590211000
1965-06-01 0.6795232223960136000
1965-07-01 1.3567297533204457000
1965-08-01 0.4733917195728530000
1965-09-01 0.6139490764298708000
1965-10-01 1.3700638441420974000
1965-11-01 1.2321534274504926000
1965-12-01 1.4391206541391184000
1966-01-01 1.0896878476335448000
1966-02-01 1.2239558678183322000
1966-03-01 1.4185979280164571000
1966-04-01 -0.0516456616322899100
1966-05-01 -0.1661406874095715200
1966-06-01 0.3482713215079075000
1966-07-01 0.1943899951103934500
1966-08-01 0.2882579480890843000
1966-09-01 0.4756026216597975500
1966-10-01 0.1962090143138221500
1966-11-01 -0.6848789904640470000
1966-12-01 -0.2815941859661877000
1967-01-01 -0.0156924643748706720
1967-02-01 -1.0006541817567476000
1967-03-01 -0.2838104844017797500
1967-04-01 -0.0898563283308220400
1967-05-01 -0.4532051171487125000
1967-06-01 0.1205708147224104000
1967-07-01 -0.3373101335058202300
1967-08-01 1.2590743272189480000
1967-09-01 0.0149437091161841200
1967-10-01 0.0613995396595465940
1967-11-01 1.8309366231239668000
1967-12-01 1.3323041404643234000
1968-01-01 -0.2262461495165505000
1968-02-01 0.4172300048685045300
1968-03-01 0.6441842633910673000
1968-04-01 0.1971353879478009700
1968-05-01 0.9780417465976068000
1968-06-01 0.3068630350979542600
1968-07-01 0.2642387437445277000
1968-08-01 -0.4437401730294470000
1968-09-01 0.5812884991706073000
1968-10-01 0.6318443764047500000
1968-11-01 0.7541315671599812000
1968-12-01 -0.1386171865562618500
1969-01-01 0.3186831726233768000
1969-02-01 0.3624803343225885000
1969-03-01 0.7346521341383987000
1969-04-01 0.0668020383825217600
1969-05-01 -0.4053944088434733000
1969-06-01 0.0935022514774077900
1969-07-01 0.0340864014501611900
1969-08-01 0.1070080903971132300
1969-09-01 -0.1065281598538751900
1969-10-01 -0.1715007920448631800
1969-11-01 -1.4093203848202824000
1969-12-01 -0.6619122090877522000
1970-01-01 -1.7715990362043785000
1970-02-01 -0.6027032165305679000
1970-03-01 -0.9845391016946132000
1970-04-01 -0.9370937349625840000
1970-05-01 -0.3500976352745500700
1970-06-01 -0.3107027052598228500
1970-07-01 0.0032724984771656893
1970-08-01 -0.7770681281663303000
1970-09-01 -0.9763658780975730000
1970-10-01 -2.0788492846650660000
1970-11-01 -1.3160450266905257000
1970-12-01 2.0756205833759900000
1971-01-01 0.6975109962773237000
1971-02-01 0.2150641695592597200
1971-03-01 0.1190144184674324800
1971-04-01 0.3780978527273205000
1971-05-01 0.4698790786161800600
1971-06-01 0.5795174012096965000
1971-07-01 -0.6468120293011966000
1971-08-01 -0.1840954936726453000
1971-09-01 0.9943902879109577000
1971-10-01 0.2007827320655241600
1971-11-01 0.7263438055364614000
1971-12-01 1.1848976329608590000
1972-01-01 1.6285988476749347000
1972-02-01 0.7863867546563119000
1972-03-01 1.0608474607555685000
1972-04-01 0.8924737692655470000
1972-05-01 0.4274368574629351000
1972-06-01 0.4736543340948746000
1972-07-01 -0.1989601284741851800
1972-08-01 1.4993650743262625000
1972-09-01 1.1943911996236198000
1972-10-01 1.3674290525372497000
1972-11-01 1.6251506690574824000
1972-12-01 1.3405739266695091000
1973-01-01 1.2614153766317330000
1973-02-01 1.3506695532972333000
1973-03-01 0.3401005071011421500
1973-04-01 -0.2909847306586626000
1973-05-01 0.1726046116104030800
1973-06-01 -0.0766918083624240100
1973-07-01 -0.1616435573514172800
1973-08-01 -0.5309628372284383000
1973-09-01 -0.2016442033759424400
1973-10-01 0.8729353888328084000
1973-11-01 0.4230355788484957400
1973-12-01 -0.9592392312663087000
1974-01-01 -0.7807553333097821000
1974-02-01 -0.7117853057361697000
1974-03-01 -0.4386379442741717400
1974-04-01 -0.8714511374618965000
1974-05-01 0.0919583009086638500
1974-06-01 -0.7619401662294658000
1974-07-01 -0.6315318211824892000
1974-08-01 -1.2449449938062354000
1974-09-01 -1.0335379635421678000
1974-10-01 -1.3824942990142075000
1974-11-01 -3.2223694457458527000
1974-12-01 -4.4572185163231590000
1975-01-01 -2.1450873849932640000
1975-02-01 -2.6510001746041323000
1975-03-01 -2.4889224103679553000
1975-04-01 0.0846098265456767800
1975-05-01 -0.3207280596970553700
1975-06-01 0.4551040356926966400
1975-07-01 1.2750436254937791000
1975-08-01 0.9258792104985819000
1975-09-01 1.0595881173628323000
1975-10-01 0.3773688255173443000
1975-11-01 0.0044493943500518980
1975-12-01 1.2127579723524544000
1976-01-01 1.6242052025525590000
1976-02-01 1.0189425309916007000
1976-03-01 0.4007561892664905000
1976-04-01 0.3234857036308843600
1976-05-01 0.4059758235064323000
1976-06-01 0.2706695724042428000
1976-07-01 0.3568487391439437700
1976-08-01 0.1682348122830865400
1976-09-01 0.2002411297729251600
1976-10-01 -0.2271620189746707800
1976-11-01 1.0506267314185793000
1976-12-01 1.3187488834081889000
1977-01-01 -0.4688390572641948000
1977-02-01 1.6675302680754447000
1977-03-01 1.5054777548627984000
1977-04-01 0.8825388797394481000
1977-05-01 0.7349881617340351000
1977-06-01 0.8742657427660756000
1977-07-01 0.2734990456967394000
1977-08-01 0.3951598731074756300
1977-09-01 0.1940503048191140600
1977-10-01 0.1713518400453378800
1977-11-01 0.3578317477132075000
1977-12-01 0.4859036692241125000
1978-01-01 -1.8125974439803616000
1978-02-01 1.2974663790113905000
1978-03-01 1.9917409543948820000
1978-04-01 2.3762543933580624000
1978-05-01 0.7236138467686869000
1978-06-01 0.9401239700463590000
1978-07-01 -0.1688731660523885000
1978-08-01 0.6916614016649132000
1978-09-01 0.2383457005987499000
1978-10-01 0.6927476426866046000
1978-11-01 0.6499072743213958000
1978-12-01 0.2042087685272709000
1979-01-01 -0.9927250422622679000
1979-02-01 -0.1731620675020442100
1979-03-01 0.9137894859941791000
1979-04-01 -1.9445987020550920000
1979-05-01 1.2151783030389904000
1979-06-01 -0.3379056382749153000
1979-07-01 -0.4070831018602296000
1979-08-01 -0.9206886204596265000
1979-09-01 -0.6425740628360450000
1979-10-01 -0.0136347711426095400
1979-11-01 -0.7631094526803000000
1979-12-01 -0.5523314221705743000
1980-01-01 -0.1142929351051251800
1980-02-01 -0.9380461827075730000
1980-03-01 -2.3452892400929630000
1980-04-01 -3.4047070577264082000
1980-05-01 -3.5116210560281464000
1980-06-01 -1.9530093052041768000
1980-07-01 -0.8989658094097482000
1980-08-01 0.2808780727151083000
1980-09-01 1.7764022596702185000
1980-10-01 1.4981758057316580000
1980-11-01 0.9197701280219908000
1980-12-01 0.4721255130552805000
1981-01-01 -0.2932989801556620000
1981-02-01 -0.6864006763061498000
1981-03-01 -0.3829067770670853700
1981-04-01 -0.2245106575752331000
1981-05-01 -0.4171019071483250000
1981-06-01 -0.4012967264625547600
1981-07-01 -0.0427441262232655940
1981-08-01 -0.7716387462055555000
1981-09-01 -1.2863152326904960000
1981-10-01 -1.9219271887755094000
1981-11-01 -1.9937295104331512000
1981-12-01 -2.2765062281439645000
1982-01-01 -2.6133725833741783000
1982-02-01 1.3272677270050110000
1982-03-01 -1.1627592134550133000
1982-04-01 -1.4089265512895450000
1982-05-01 -0.7814301404651799000
1982-06-01 -0.9032059098150577000
1982-07-01 -0.8024579615113236000
1982-08-01 -1.4635381895043658000
1982-09-01 -0.6910938258392634000
1982-10-01 -1.3751215685773324000
1982-11-01 -0.6051526791575973000
1982-12-01 -0.4007471427754644700
1983-01-01 1.7782021803317730000
1983-02-01 -0.2422892688987440000
1983-03-01 1.2101484343184990000
1983-04-01 1.2888396369113815000
1983-05-01 1.3133403280064860000
1983-06-01 1.7658637133543850000
1983-07-01 1.3621613571025908000
1983-08-01 0.9821785387994233000
1983-09-01 1.8264646191879215000
1983-10-01 1.2129647379772208000
1983-11-01 1.0974676567815310000
1983-12-01 1.1404282386547764000
1984-01-01 1.6543901687212565000
1984-02-01 1.1608883574675017000
1984-03-01 0.4953597264595235000
1984-04-01 0.6658744664856717000
1984-05-01 0.8708129321389767000
1984-06-01 0.5126341073763628000
1984-07-01 0.0723129328064153800
1984-08-01 0.0422958241207984000
1984-09-01 -0.5188804373328382000
1984-10-01 0.3335151027451235000
1984-11-01 0.4864057395966556000
1984-12-01 -0.0153345815375382760
1985-01-01 -0.2202242051837672300
1985-02-01 0.0101749668590779990
1985-03-01 0.5402839591179175000
1985-04-01 -0.2475083357790122400
1985-05-01 0.2951581731857849000
1985-06-01 -0.6182307050164996000
1985-07-01 -0.1759204200837159000
1985-08-01 0.6291294441777688000
1985-09-01 0.0599388080181765000
1985-10-01 -0.1894866624405174300
1985-11-01 0.3892247564117108000
1985-12-01 0.1485318224544979500
1986-01-01 0.8918756776889064000
1986-02-01 -0.8963667531357212000
1986-03-01 -0.8990764455824128000
1986-04-01 0.3733259168833617500
1986-05-01 -0.3160122518048532000
1986-06-01 -0.2546240168851794000
1986-07-01 0.2497489644936974000
1986-08-01 -0.0555073434693641940
1986-09-01 0.4388431439722308400
1986-10-01 -0.3782174829126305000
1986-11-01 -0.1574107878489780800
1986-12-01 0.7607239948764979000
1987-01-01 -0.9029615497900416000
1987-02-01 1.4098560751593932000
1987-03-01 -0.0492887966322417060
1987-04-01 0.1662572786813264000
1987-05-01 0.3178828288505490000
1987-06-01 0.4676516743932437300
1987-07-01 0.7847237483538023000
1987-08-01 0.0907222481055419000
1987-09-01 0.7326333810112213000
1987-10-01 0.7987579882791047000
1987-11-01 0.1674873938972687200
1987-12-01 0.4683058165751906000
1988-01-01 -0.3421102899173687000
1988-02-01 0.5591930404346453000
1988-03-01 0.5538577563504302000
1988-04-01 0.3395819731735736000
1988-05-01 -0.0407830389040771960
1988-06-01 0.4858769700047550000
1988-07-01 -0.1457746566782301000
1988-08-01 0.0709651834997790100
1988-09-01 0.1665704410833521000
1988-10-01 0.3537713212930461000
1988-11-01 0.3435702542547504600
1988-12-01 0.7825887839317982000
1989-01-01 0.2468103066991103300
1989-02-01 -0.7400009425467162000
1989-03-01 -0.1230247858787508200
1989-04-01 0.1919548966102606000
1989-05-01 -0.5783379654399492000
1989-06-01 -0.4489600246036657400
1989-07-01 -1.1213097354286612000
1989-08-01 0.7078539260062650000
1989-09-01 -0.5988622382193747000
1989-10-01 -0.6147160750201448000
1989-11-01 0.1189064402422094000
1989-12-01 -0.1042875152119485100
1990-01-01 -0.0917153495274203600
1990-02-01 0.5180316673042541000
1990-03-01 0.0769663478132393800
1990-04-01 -1.1494268627956810000
1990-05-01 -0.3164659775642875000
1990-06-01 -0.3171721741555828000
1990-07-01 -0.9298359167574187000
1990-08-01 -0.4106511962671479000
1990-09-01 -1.2120974179716815000
1990-10-01 -1.2345664890475099000
1990-11-01 -2.1547431088050812000
1990-12-01 -1.4609899274134900000
1991-01-01 -1.5056467003667238000
1991-02-01 -1.3131409543145910000
1991-03-01 -1.3256672358129358000
1991-04-01 0.2381486865605775000
1991-05-01 0.2017295152225697700
1991-06-01 0.0064947891909859880
1991-07-01 0.2510994084900544700
1991-08-01 -0.2447576870929561200
1991-09-01 0.2091085961226571700
1991-10-01 -0.4021804972094264500
1991-11-01 -0.5448535096037717000
1991-12-01 -1.0677268860446347000
1992-01-01 -0.1806588109086627600
1992-02-01 0.2603888211865805000
1992-03-01 0.7711980466383311000
1992-04-01 0.5432414500001167000
1992-05-01 0.0088582263113901740
1992-06-01 0.2000713427202586200
1992-07-01 0.4432113685010793400
1992-08-01 -0.7933812337524628000
1992-09-01 0.1853974368874770000
1992-10-01 0.3057924195880702400
1992-11-01 0.0627675941751207500
1992-12-01 0.3057455094638121000
1993-01-01 0.1896406379687730600
1993-02-01 -0.0083028125234880670
1993-03-01 -0.4295145884078005500
1993-04-01 0.1573964954011040000
1993-05-01 -0.0836478832236364000
1993-06-01 -0.0643139969689271000
1993-07-01 -0.1410767082014249000
1993-08-01 -0.0878989171521869900
1993-09-01 0.5211569525909929000
1993-10-01 0.6897164182483556000
1993-11-01 0.3991787949672581700
1993-12-01 0.5934908442953530000
1994-01-01 0.0525385130192612750
1994-02-01 0.1358967595201071900
1994-03-01 1.2885474370439733000
1994-04-01 0.3487683033906724400
1994-05-01 0.4781940145995494000
1994-06-01 0.5516591151138730000
1994-07-01 0.0039427322484565800
1994-08-01 0.7213677205395226000
1994-09-01 0.1784152659668334600
1994-10-01 0.5096103403483460000
1994-11-01 0.6734679872139352000
1994-12-01 0.7952182413883953000
1995-01-01 -0.0679022455806143200
1995-02-01 -0.3818211380639666700
1995-03-01 -0.3037141731438080500
1995-04-01 -0.5654239830093953000
1995-05-01 -0.0497068164195535040
1995-06-01 0.1478566913704137000
1995-07-01 -0.5752827795340790000
1995-08-01 0.8537560014457105000
1995-09-01 0.4433258697953359500
1995-10-01 -0.3176875427780216400
1995-11-01 0.0745020879938031200
1995-12-01 0.2589954236830385000
1996-01-01 -1.0120706195185099000
1996-02-01 0.7596052282677260000
1996-03-01 0.2700043435123287000
1996-04-01 0.5647954072828510000
1996-05-01 0.6760978831807303000
1996-06-01 0.4495595641692719500
1996-07-01 0.0176158191534558220
1996-08-01 0.2865377487973264000
1996-09-01 0.3367853534584814300
1996-10-01 0.0897512623371904000
1996-11-01 0.5663235986086774000
1996-12-01 0.0068003871925520380
1997-01-01 0.0495195649948511060
1997-02-01 1.1689680071002780000
1997-03-01 0.5142460645365183000
1997-04-01 0.4351178261658941000
1997-05-01 0.2596258950239708000
1997-06-01 0.5552776519014727000
1997-07-01 0.9035523145346026000
1997-08-01 0.5790558420114111000
1997-09-01 0.7216831387371788000
1997-10-01 0.4515910906863017000
1997-11-01 0.5942778353737003000
1997-12-01 0.2513179287057828000
1998-01-01 0.2700430677161017600
1998-02-01 0.4421682987879608000
1998-03-01 0.0940260342661754500
1998-04-01 0.1854937644556999600
1998-05-01 0.3949267157601875600
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1998-08-01 1.0453206079118025000
1998-09-01 0.2679889406341710600
1998-10-01 0.4922106915125890000
1998-11-01 0.0084003006939476520
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1999-01-01 0.0850522557600106200
1999-02-01 0.5787500284858265000
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1999-04-01 0.1812132436541079300
1999-05-01 0.4798877799993546000
1999-06-01 0.0892435121013765600
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1999-08-01 0.4264555354849400300
1999-09-01 0.0990808628990401400
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2012-02-01 0.2962174566052800400
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