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Economic Conditions Index for Worcester, MA-CT (MSA) (WTRAGRIDX)

Observation:

Mar 2018: 1.07  
Updated: Jul 11, 2018

Units:

Percent,
Seasonally Adjusted Annual Rate

Frequency:

Monthly
1Y | 5Y | 10Y | Max
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(a) Economic Conditions Index for Worcester, MA-CT (MSA), Percent, Seasonally Adjusted Annual Rate (WTRAGRIDX)
The economic activity index measures average economic growth in the metropolitan area. It is computed using a dynamic factor model that includes 12 variables measuring various aspects of economic activity in the MSA. The index is calibrated to Gross Metropolitan Product (GMP) growth and variance to allow for comparison across metro areas.

For additional details, see Arias, M.A., C.S. Gascon and D.E. Rapach (2016), "Metro Business Cycles," Journal of Urban Economics 94, 90-108, http://www.sciencedirect.com/science/article/pii/S009411901630016X.
Federal Reserve Bank of St. Louis Working Paper 2014-046C, https://research.stlouisfed.org/wp/more/2014-046.

Economic Conditions Index for Worcester, MA-CT (MSA)

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NOTES

Source: Federal Reserve Bank of St. Louis  

Release: Metro Area Economic Conditions Indexes  

Units:  Percent, Seasonally Adjusted Annual Rate

Frequency:  Monthly

Notes:

The economic activity index measures average economic growth in the metropolitan area. It is computed using a dynamic factor model that includes 12 variables measuring various aspects of economic activity in the MSA. The index is calibrated to Gross Metropolitan Product (GMP) growth and variance to allow for comparison across metro areas.

For additional details, see Arias, M.A., C.S. Gascon and D.E. Rapach (2016), "Metro Business Cycles," Journal of Urban Economics 94, 90-108, http://www.sciencedirect.com/science/article/pii/S009411901630016X.
Federal Reserve Bank of St. Louis Working Paper 2014-046C, https://research.stlouisfed.org/wp/more/2014-046.

Suggested Citation:

Federal Reserve Bank of St. Louis, Economic Conditions Index for Worcester, MA-CT (MSA) [WTRAGRIDX], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/WTRAGRIDX, September 23, 2018.

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Worcester, MA MSAs Massachusetts States U.S. Regional Data

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Worcester Massachusetts Academic Data St. Louis Fed Metropolitan Statistical Area Indexes Seasonally Adjusted Monthly United States of America
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Metro Area Economic Conditions Indexes






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