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 2026-05-01
Last Updated 2026-06-29 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 1.8268830499743876000
1960-02-01 -0.5075898480826851000
1960-03-01 -1.5782340844770426000
1960-04-01 -0.3746381117569434500
1960-05-01 -0.8608021421058514000
1960-06-01 -1.2541725831042259000
1960-07-01 -0.8149162619576371000
1960-08-01 -0.8007744758967709000
1960-09-01 -0.9811249987893739000
1960-10-01 -0.9838560341030497000
1960-11-01 -2.0734811388846768000
1960-12-01 -2.1402951171004180000
1961-01-01 -0.5955555069738896000
1961-02-01 -0.5259801710392745000
1961-03-01 0.6028692024688755000
1961-04-01 1.2007758956197130000
1961-05-01 1.1968023031660757000
1961-06-01 1.2657665891563128000
1961-07-01 0.9259494000219045000
1961-08-01 1.4142655707757286000
1961-09-01 0.2718035051432672300
1961-10-01 1.6142267196836190000
1961-11-01 1.5778710040560264000
1961-12-01 1.0052622886450513000
1962-01-01 -0.3965403842612133000
1962-02-01 1.6504462372766893000
1962-03-01 0.6514370528427700000
1962-04-01 0.2696572707155066600
1962-05-01 -0.0818088173904261000
1962-06-01 -0.4008316939360531700
1962-07-01 0.4362096897987443000
1962-08-01 -0.0511131483433213800
1962-09-01 0.4995490643390547000
1962-10-01 -0.2602662963972872700
1962-11-01 0.1972778963822586200
1962-12-01 -0.2941322850407986400
1963-01-01 0.1710764696408300400
1963-02-01 1.0760233552481573000
1963-03-01 0.4986923968187884000
1963-04-01 1.0545411597472625000
1963-05-01 0.8120625183673663000
1963-06-01 0.4413758233933644000
1963-07-01 0.1681846094574526000
1963-08-01 0.2067672378946283000
1963-09-01 0.6078343954774468000
1963-10-01 0.8787442158692828000
1963-11-01 0.1206579709034327900
1963-12-01 0.3665911427697756700
1964-01-01 0.7748231375902798000
1964-02-01 0.9072992688986824000
1964-03-01 0.4863577086035792400
1964-04-01 1.1057577288498974000
1964-05-01 0.6801613213163336000
1964-06-01 0.1215378990501278100
1964-07-01 1.0178119192447215000
1964-08-01 0.2395659594639053000
1964-09-01 0.4703901171882262000
1964-10-01 -0.8725918189813645000
1964-11-01 2.0095721267507147000
1964-12-01 1.4304593228385896000
1965-01-01 0.8387958439172207000
1965-02-01 0.7435412020225001000
1965-03-01 1.6478077991026372000
1965-04-01 0.5980399873803735000
1965-05-01 0.7657137384211512000
1965-06-01 0.6827270315725449000
1965-07-01 1.3591623991734518000
1965-08-01 0.4767412418118392000
1965-09-01 0.6156831980469430000
1965-10-01 1.3737371111887868000
1965-11-01 1.2339961800777015000
1965-12-01 1.4410548632856333000
1966-01-01 1.0913605864326357000
1966-02-01 1.2252433775426521000
1966-03-01 1.4197702538227843000
1966-04-01 -0.0515320806872604200
1966-05-01 -0.1656786729618233100
1966-06-01 0.3489612304372758000
1966-07-01 0.1945566971934401000
1966-08-01 0.2885498455566808000
1966-09-01 0.4767319318096106500
1966-10-01 0.1979861381047106400
1966-11-01 -0.6845708909684924000
1966-12-01 -0.2805803068991609700
1967-01-01 -0.0154889539822660930
1967-02-01 -0.9997033410239525000
1967-03-01 -0.2833712684928061400
1967-04-01 -0.0897504725178397000
1967-05-01 -0.4519360616142460000
1967-06-01 0.1195660814127514900
1967-07-01 -0.3368407912525996000
1967-08-01 1.2608194116345217000
1967-09-01 0.0126423070275068880
1967-10-01 0.0612932909572821640
1967-11-01 1.8318306230891150000
1967-12-01 1.3344351206413205000
1968-01-01 -0.2233860557901499500
1968-02-01 0.4187335546441473000
1968-03-01 0.6454821740887378000
1968-04-01 0.2005743663608970400
1968-05-01 0.9812670822828190000
1968-06-01 0.3073142956287452000
1968-07-01 0.2646063161509905000
1968-08-01 -0.4443116588152628000
1968-09-01 0.5822986032602757000
1968-10-01 0.6328225265415943000
1968-11-01 0.7550727110057671000
1968-12-01 -0.1372855561545936200
1969-01-01 0.3189418101607761000
1969-02-01 0.3638901114529178300
1969-03-01 0.7368721993252216000
1969-04-01 0.0677784008394011600
1969-05-01 -0.4055998357986045000
1969-06-01 0.0951926787664710600
1969-07-01 0.0338143429840848200
1969-08-01 0.1071299058539324200
1969-09-01 -0.1063270125435465500
1969-10-01 -0.1713304855120738300
1969-11-01 -1.4098735173335202000
1969-12-01 -0.6623077202130196000
1970-01-01 -1.7729481841574137000
1970-02-01 -0.6030865189269952000
1970-03-01 -0.9833481275493926000
1970-04-01 -0.9377711280060989000
1970-05-01 -0.3501247608907678000
1970-06-01 -0.3100807337326175000
1970-07-01 0.0046413432683522450
1970-08-01 -0.7756218453865995000
1970-09-01 -0.9762104731773794000
1970-10-01 -2.0831697498815336000
1970-11-01 -1.3155440998630863000
1970-12-01 2.0776545308571097000
1971-01-01 0.6992009389284061000
1971-02-01 0.2174128153311304000
1971-03-01 0.1206186470706189100
1971-04-01 0.3784525986498457000
1971-05-01 0.4715269057734170500
1971-06-01 0.5803415617138306000
1971-07-01 -0.6480438502550236000
1971-08-01 -0.1840534057751526400
1971-09-01 0.9953046044056122000
1971-10-01 0.1993768906173107000
1971-11-01 0.7264962757385458000
1971-12-01 1.1877218984000446000
1972-01-01 1.6330836700911800000
1972-02-01 0.7901830033686617000
1972-03-01 1.0633758115987129000
1972-04-01 0.8956836564670160000
1972-05-01 0.4299243970327461500
1972-06-01 0.4743859223402188000
1972-07-01 -0.1984868436112546800
1972-08-01 1.5017595655323395000
1972-09-01 1.1960237405836462000
1972-10-01 1.3699555569845916000
1972-11-01 1.6287621373950583000
1972-12-01 1.3429138313254194000
1973-01-01 1.2652180806951260000
1973-02-01 1.3530217938120732000
1973-03-01 0.3417508235208142600
1973-04-01 -0.2893290948921773000
1973-05-01 0.1737609624210608000
1973-06-01 -0.0753821819980840800
1973-07-01 -0.1615315887942180600
1973-08-01 -0.5304616845945729000
1973-09-01 -0.2029821654459656000
1973-10-01 0.8732370873641307000
1973-11-01 0.4217949722025733000
1973-12-01 -0.9602298188684290000
1974-01-01 -0.7826198214986553000
1974-02-01 -0.7128965649210794000
1974-03-01 -0.4388467549966584000
1974-04-01 -0.8716592709574379000
1974-05-01 0.0926048762632746700
1974-06-01 -0.7623070552027162000
1974-07-01 -0.6324778816399126000
1974-08-01 -1.2473522680653746000
1974-09-01 -1.0327252480767184000
1974-10-01 -1.3814175217001055000
1974-11-01 -3.2238766690240970000
1974-12-01 -4.4584487054019470000
1975-01-01 -2.1444093389452040000
1975-02-01 -2.6521628083207283000
1975-03-01 -2.4887420065346330000
1975-04-01 0.0858779539813675600
1975-05-01 -0.3224211824630159000
1975-06-01 0.4543893808995924700
1975-07-01 1.2753191885477333000
1975-08-01 0.9269854614295945000
1975-09-01 1.0606675045684950000
1975-10-01 0.3781999153056972400
1975-11-01 0.0047841647462812000
1975-12-01 1.2148981824475340000
1976-01-01 1.6261117982584465000
1976-02-01 1.0209406665578082000
1976-03-01 0.4027122016973790000
1976-04-01 0.3244844715108843000
1976-05-01 0.4069898590944338000
1976-06-01 0.2705766446703843000
1976-07-01 0.3574349211009639000
1976-08-01 0.1698634875409529800
1976-09-01 0.2002940005703929300
1976-10-01 -0.2276104781696002300
1976-11-01 1.0530427236835740000
1976-12-01 1.3197659688144343000
1977-01-01 -0.4688826900428016000
1977-02-01 1.6679145181772930000
1977-03-01 1.5074771582456736000
1977-04-01 0.8838518181764806000
1977-05-01 0.7376362736498435000
1977-06-01 0.8767708218642104000
1977-07-01 0.2750938449380707600
1977-08-01 0.3957760123695897000
1977-09-01 0.1955873265477262600
1977-10-01 0.1703360861174283400
1977-11-01 0.3574516847956902000
1977-12-01 0.4858248658724720000
1978-01-01 -1.8117002431638145000
1978-02-01 1.2996292711262867000
1978-03-01 1.9966877417829320000
1978-04-01 2.3802521822816070000
1978-05-01 0.7271204319785796000
1978-06-01 0.9424480276438195000
1978-07-01 -0.1674400736601493200
1978-08-01 0.6935511762828366000
1978-09-01 0.2397942639545623500
1978-10-01 0.6941851185758959000
1978-11-01 0.6512202044447579000
1978-12-01 0.2054014539205329000
1979-01-01 -0.9931314674209296000
1979-02-01 -0.1741151268085156000
1979-03-01 0.9131958711040199000
1979-04-01 -1.9468660886465372000
1979-05-01 1.2159386527398481000
1979-06-01 -0.3375640493308048600
1979-07-01 -0.4048731041494228500
1979-08-01 -0.9217468153090214000
1979-09-01 -0.6436882984355004000
1979-10-01 -0.0123084243408153300
1979-11-01 -0.7647192988684078000
1979-12-01 -0.5540567506064389000
1980-01-01 -0.1169379993893894100
1980-02-01 -0.9392587578170775000
1980-03-01 -2.3450856340322810000
1980-04-01 -3.4063948520831160000
1980-05-01 -3.5140841872556736000
1980-06-01 -1.9562256513133502000
1980-07-01 -0.9011408357622218000
1980-08-01 0.2807644334223416000
1980-09-01 1.7778058722510177000
1980-10-01 1.4986428803890621000
1980-11-01 0.9216237369474390000
1980-12-01 0.4758262179704937400
1981-01-01 -0.2938983477436884000
1981-02-01 -0.6855553307539947000
1981-03-01 -0.3821972439859877000
1981-04-01 -0.2264862447167028400
1981-05-01 -0.4175104350395840700
1981-06-01 -0.4000636644235521000
1981-07-01 -0.0443310855534710740
1981-08-01 -0.7737615524459605000
1981-09-01 -1.2870258815202924000
1981-10-01 -1.9235790942914006000
1981-11-01 -1.9943006068286130000
1981-12-01 -2.2785407886734410000
1982-01-01 -2.6172542215908328000
1982-02-01 1.3271862522666749000
1982-03-01 -1.1633136402779625000
1982-04-01 -1.4111221557877347000
1982-05-01 -0.7849591513581842000
1982-06-01 -0.9039007806148615000
1982-07-01 -0.8046579782325173000
1982-08-01 -1.4637831057951791000
1982-09-01 -0.6921723984952111000
1982-10-01 -1.3770000056160627000
1982-11-01 -0.6053848124312584000
1982-12-01 -0.4005957710279962600
1983-01-01 1.7798854065469734000
1983-02-01 -0.2415454143901559000
1983-03-01 1.2096841172508890000
1983-04-01 1.2892696048011545000
1983-05-01 1.3131058244560110000
1983-06-01 1.7674628434100914000
1983-07-01 1.3639599812970467000
1983-08-01 0.9846953396926467000
1983-09-01 1.8293453164080224000
1983-10-01 1.2141380547313163000
1983-11-01 1.0988295688888805000
1983-12-01 1.1428331673774959000
1984-01-01 1.6541836246878339000
1984-02-01 1.1637088024978617000
1984-03-01 0.4979296030988041000
1984-04-01 0.6669597658583334000
1984-05-01 0.8727642501147230000
1984-06-01 0.5133829073746918000
1984-07-01 0.0743477757833391600
1984-08-01 0.0432135833971690540
1984-09-01 -0.5198440890695613000
1984-10-01 0.3339666656823432000
1984-11-01 0.4858535029702815700
1984-12-01 -0.0136926562837085610
1985-01-01 -0.2214772581578702300
1985-02-01 0.0103718744025390640
1985-03-01 0.5406428767193785000
1985-04-01 -0.2485588404676805000
1985-05-01 0.2960631253962364700
1985-06-01 -0.6174981810451474000
1985-07-01 -0.1758946243988624000
1985-08-01 0.6292899558596169000
1985-09-01 0.0590542640494287500
1985-10-01 -0.1894348717861632000
1985-11-01 0.3892986343348906500
1985-12-01 0.1482290168237333500
1986-01-01 0.8914242511753547000
1986-02-01 -0.8955307221655979000
1986-03-01 -0.8995367853773206000
1986-04-01 0.3731295215288268000
1986-05-01 -0.3169630537914134000
1986-06-01 -0.2555316000567106600
1986-07-01 0.2507328729597506000
1986-08-01 -0.0559333871166744200
1986-09-01 0.4378966987684762000
1986-10-01 -0.3775106843373552400
1986-11-01 -0.1564827434429118500
1986-12-01 0.7585935085914117000
1987-01-01 -0.9018680192924216000
1987-02-01 1.4091682763814328000
1987-03-01 -0.0500742659792760500
1987-04-01 0.1673095726457095600
1987-05-01 0.3183143281329631000
1987-06-01 0.4672224055643648000
1987-07-01 0.7843379060869233000
1987-08-01 0.0902735126560110900
1987-09-01 0.7343353070150803000
1987-10-01 0.8014993304044369000
1987-11-01 0.1696559766203770400
1987-12-01 0.4694637616471700000
1988-01-01 -0.3438500082204468000
1988-02-01 0.5601128160264355000
1988-03-01 0.5536791106775255000
1988-04-01 0.3406161723907051300
1988-05-01 -0.0408503613929561100
1988-06-01 0.4865209477046216000
1988-07-01 -0.1454689929503876500
1988-08-01 0.0707131252955300500
1988-09-01 0.1682808834598816200
1988-10-01 0.3531687113502667300
1988-11-01 0.3447075799257196000
1988-12-01 0.7837806693056737000
1989-01-01 0.2457100645311002300
1989-02-01 -0.7391842307760434000
1989-03-01 -0.1222267202267607700
1989-04-01 0.1925332647535581400
1989-05-01 -0.5777592373133104000
1989-06-01 -0.4497008679941370000
1989-07-01 -1.1208226010540268000
1989-08-01 0.7089610031030622000
1989-09-01 -0.5997338941492638000
1989-10-01 -0.6155297695845106000
1989-11-01 0.1197361632941242200
1989-12-01 -0.1051898068273815500
1990-01-01 -0.0934878867583935600
1990-02-01 0.5475454014930554000
1990-03-01 0.0554287138907177600
1990-04-01 -1.1481340093574466000
1990-05-01 -0.3118946453941945000
1990-06-01 -0.3186193989677486600
1990-07-01 -0.9393308409886039000
1990-08-01 -0.4076770546095603300
1990-09-01 -1.2071354343697650000
1990-10-01 -1.2482265856718486000
1990-11-01 -2.1539479289984100000
1990-12-01 -1.4571597207410240000
1991-01-01 -1.5063818164701990000
1991-02-01 -1.3139220266906870000
1991-03-01 -1.3351363344966054000
1991-04-01 0.2432836100079944200
1991-05-01 0.2039902225845096000
1991-06-01 0.0106158852835261140
1991-07-01 0.2517225107866466500
1991-08-01 -0.2398947435881908500
1991-09-01 0.1955111785562519000
1991-10-01 -0.4022662287067629000
1991-11-01 -0.5269748125785264000
1991-12-01 -1.0802582703442043000
1992-01-01 -0.2065915163494838000
1992-02-01 0.2642282309364580300
1992-03-01 0.8159725074516528000
1992-04-01 0.5282410353768489000
1992-05-01 -0.0115825846907167670
1992-06-01 0.2328841796944944600
1992-07-01 0.4285906818546182000
1992-08-01 -0.8182508529376080000
1992-09-01 0.2132950323588617000
1992-10-01 0.3070546684742866400
1992-11-01 0.0493756757794217300
1992-12-01 0.3180346043224341300
1993-01-01 0.1360672014659421700
1993-02-01 0.0069293305374120880
1993-03-01 -0.3799451279350712400
1993-04-01 0.1319622223553836300
1993-05-01 -0.0979715316515878800
1993-06-01 -0.0352270099072988400
1993-07-01 -0.1542993187643678000
1993-08-01 -0.0811842861526418800
1993-09-01 0.5315207846365755000
1993-10-01 0.6758383688956886000
1993-11-01 0.4186865864085623000
1993-12-01 0.5835776467249416000
1994-01-01 0.0298079800707401480
1994-02-01 0.1408722106163691000
1994-03-01 1.2914181940930420000
1994-04-01 0.3483252446124673300
1994-05-01 0.4787169669424073400
1994-06-01 0.5532357443844284000
1994-07-01 0.0011863962862275529
1994-08-01 0.7238933418396077000
1994-09-01 0.1709455504792171400
1994-10-01 0.5123915757544376000
1994-11-01 0.6754990843929524000
1994-12-01 0.8012017332793189000
1995-01-01 -0.0776409542338145000
1995-02-01 -0.3820241097030490000
1995-03-01 -0.3047119542498552500
1995-04-01 -0.5705065421460974000
1995-05-01 -0.0458191062681686450
1995-06-01 0.1459919064862238000
1995-07-01 -0.5760522687756342000
1995-08-01 0.8644389464823433000
1995-09-01 0.4455601278899286000
1995-10-01 -0.3155186856675051000
1995-11-01 0.0752186996039662800
1995-12-01 0.2647445303947900000
1996-01-01 -1.0182138652790322000
1996-02-01 0.7630594902488909000
1996-03-01 0.2706914528473431000
1996-04-01 0.5717951423810881000
1996-05-01 0.6791764354779831000
1996-06-01 0.4493603403956566000
1996-07-01 0.0164586393748815640
1996-08-01 0.2871322950288921000
1996-09-01 0.3373350440695012000
1996-10-01 0.0888498003063317000
1996-11-01 0.5632723757707078000
1996-12-01 0.0093732024542646490
1997-01-01 0.0515962811533985900
1997-02-01 1.1708654339570743000
1997-03-01 0.5122003115609312000
1997-04-01 0.4335407188917076000
1997-05-01 0.2584990294563287400
1997-06-01 0.5604274297230329000
1997-07-01 0.9032226346515448000
1997-08-01 0.5784799671804000000
1997-09-01 0.7249571741561740000
1997-10-01 0.4484671749719977000
1997-11-01 0.5967075766864385000
1997-12-01 0.2445379778641581000
1998-01-01 0.2734377014524578000
1998-02-01 0.4426856439395024000
1998-03-01 0.0903710027488141800
1998-04-01 0.1892995786177538400
1998-05-01 0.3939695374512258000
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1998-08-01 1.0473744689058608000
1998-09-01 0.2718680883720900300
1998-10-01 0.4923789197939046000
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1999-05-01 0.4771009857887429000
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