Metro Business Cycle Index
Summary & Interactive Data
The Federal Reserve Bank of Dallas’ Metro Business-Cycle Indexes, produced for the five largest Texas metropolitan areas and the four largest metropolitan areas along the Texas-Mexico border, reflect broad movements in local economic conditions. The indexes are constructed based on the aggregated movements in the local area unemployment rate, nonagricultural employment, inflation-adjusted wages, and inflation-adjusted retail sales. The weights of the components are statistically optimized for each metropolitan area to best capture the underlying cyclical movements in the local area economy. The long-term trend growth of the indexes through 2000 is calculated using growth in annual real metro personal income. Beginning in 2001, long-term trend growth is calculated using real metro Gross Domestic Product.
Just like the other sections of this dashboard, static and interactive features are available on this page. You will find navigation on the left hand side support bar to allow easy movement between the pages of the economy dashboard as well as to other sections of the dashboard.
These data sets are more complicated so we have provided a list of key terms, accessible on every page, to help with clarity. As will be noted throughout this dashboard, some data sets have a lag time showing the impacts of COVID-19.
Data Notes: Monthly, seasonally adjusted, Index, October 1980=100, Downloaded from the Federal Reserve Bank of Dallas
This data set is available at two geographic levels – Texas and Austin MSA. To select a data set, click on Texas or Austin MSA, and the active data set will be in orange.
The data cards below show information about the previous month, the current month and the percent change between the two, providing a quick reference to how the local economy is faring. A percent change in green with a yellow arrow indicates the indicator is moving in a positive direction for the economy. A percent change in yellow with a red arrow indicates the indicator is moving in a negative direction.
To interact with the data, select the geographic level by using the Category drop-down box then click on one or more of the elements in the bar charts. All other charts will adjust based on the data points you chose. The 1-12 labels on the X axis of the graph stand for the number of the month, meaning 1=January and 12=December.
Single elements can be de-selected individually by clicking them again. Click on the “Reset All” button to start anew. To download the data behind the dashboard, click on the export button just below the charts and graphs.
Index by Year
Index by Month
Change by Month
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