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Brave-Butters-Kelley Cycle: Lagging Subcomponent of GDP (BBKQCLA)

Observation:

Q1 2024: -1.87862 (+ more)   Updated: Jul 1, 2024 7:31 AM CDT
Q1 2024:  -1.87862  
Q4 2023:  -1.42147  
Q3 2023:  -0.98546  
Q2 2023:  -2.00927  
Q1 2023:  -1.98614  
View All

Units:

Annualized Percent Change from Preceding Period,
Seasonally Adjusted

Frequency:

Quarterly

NOTES

Source: Indiana University: Indiana Business Research Center  

Release: Brave-Butters-Kelley Indexes  

Units:  Annualized Percent Change from Preceding Period, Seasonally Adjusted

Frequency:  Quarterly

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 lagging subcomponent of the cycle expressed in annualized real GDP growth equivalent units. The cycle component is the sum of the leading and lagging subcomponents.

This quarterly series is aggregated from the monthly version of the series (BBKMCLA), using the triangle average described in Brave, Butters, and Kelley (2019) to approximate quarterly annualized (log) percent changes from the monthly series.

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

Suggested Citation:

Indiana University. Indiana Business Research Center, Brave-Butters-Kelley Cycle: Lagging Subcomponent of GDP [BBKQCLA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BBKQCLA, .

RELEASE TABLES

Brave-Butters-Kelley Indexes

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