Full text of Tech Pulse Index : June 2006 : Supplemental Material
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RESEA RCH Regional Economy Payments Research Home > Research > National Economy Tech Pulse Index Taking the Pulse of the Technology Sector Released June 14, 2006 National Economy National Economic Indicators Economic Indicators Calendar Summary Details Reports Tech Pulse Index 1995 to present Productivity Data and Analysis Tech Pulse Index Global Economy Capital Markets Banking Research Research Publications Economists Program for Resident Scholars Visiting Scholars In May 2006, the real Tech Pulse Index grew at an annualized rate of 26.8%, which is below its growth rate of 31.4% over the past 12 months. The nominal Tech Pulse Index grew at an annualized rate of 20.5%, which is below its growth rate of 22.4% over the past year. Benchmark revisions to the shipments data, which were released recently, were substantial and have led to downward revisions in the Tech Pulse Index. Background The Tech Pulse Index is a summary statistic that tracks the health of the technology sector of the economy in a timely manner. The Tech Pulse Index is computed monthly from a number of data series that move with the technology sector as a whole. The series used to compute the index are investment, consumption, employment, industrial production, and shipments in the technology sector. Please note that each month's numbers differ from those published in prior months and in the Current Issues article because we have additional data which changes the information we use for estimating previous periods. Each month's numbers will be released on the second Wednesday of that month. Next release: July 12, 2006 For more information, see: Taking the Pulse of the Tech Sector: A Coincident Index of High-Tech Activity By Bart Hobijn, Kevin J. Stiroh and Alexis Antoniades, Current Issues in Economics and Finance 9 (10), Oct 2003 For further questions, contact Bart Hobijn, (212) 720-5740, or Erick Sager, (212) 720-5653. Home Federal Reserve System Contact Us Terms of Use RSS Feeds Site Map