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Home > Research > National Economy
Tech Pulse Index
Taking the Pulse of the Technology Sector
Released March 10, 2004
Summary
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Tech Pulse Index
1995 to present
Tech Pulse Index
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In February 2004, the real Tech Pulse Index grew at an
annualized rate of 35.3% and the nominal Tech Pulse
Index grew at an annualized rate of 28.0%. This is in line
with growth in recent months. Over the last year, the real
index has growth 36.9% and the nominal index has
growth 27.8%. These are the highest twelve-month
growth rates since the beginning of the last recession in
March 2001. This sustained strength in the Tech-sector
seems to indicate a robust recovery. However,
employment in the sector is still not growing.
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 the numbers published in the Current Issues article
because we have additional data. Each month's numbers will be
released on the second Wednesday of that month.
Next release: April 14, 2004
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
Rebecca Sela, (212) 720-5494.
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RESEA RCH
Regional Economy
National Economy
National Economic
Indicators
Economic Indicators
Calendar
Home > Research > National Economy
Tech Pulse Index
Taking the Pulse of the Technology Sector
Released March 10, 2004
Summary
Details
Reports
Productivity Data and
Analysis
Tech Pulse Index
Global Economy
Capital Markets
Banking Research
Research Publications
Economists
Visiting Scholars
Indicator Table
12
MONTH
GROWTH
RATE
MONTHLY GROWTH R A T ES
ANNUALIZED
Indicator
Feb
2004
Dec
2003
Jan
2004
Feb
2004
Real Index
36.9%
36.0%
39.9%
35.3%
Nominal Index
27.8%
29.8%
29.6%
28.0%
Industrial
Production
24.6%
16.2%
36.1%
NA
Shipments
15.1%
43.7%
28.4%
NA
Employment
-3.3%
-1.0%
-0.9%
-0.8%
PCE
9.8%
13.6%
-1.5%
NA
-15.4%
-6.7%
-1.9%
NA
(nominal)
(computers +
software)
PCE deflator
(computers +
software)
Historical Data
View chart:
Tech Pulse levels from 1971 to present
Tech Pulse growth rates from 1971 to present
Tech Pulse twelve-month growth rates from 1971 to
present
Download data (1971 to present): Excel
Upcoming Releases:
April 14, 2004
May 12, 2004
June 9, 2004
July 14, 2004
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