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May 2004

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May 2004

DATE: May 12, 2004

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ABSTRACT: In April 2004, the real Tech Pulse Index grew at an annualized rate of 32.28%, and the nominal Tech Pulse Index grew at an annualized rate of 14.86%. Growth of the real Tech Pulse Index is similar to the 35.67% the index grew over the past 12 months. The growth of the nominal index remains below its 24.28% 12-month growth rate.

The difference in the indexes' performance has occurred because of continued falling prices in the sector and because of the different weights of the components in the indexes. Shipments, which contribute a larger part of the nominal index, have shown a recent slowdown compared to other components, such as industrial production, which contribute a bigger part to the real index.

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Federal Reserve Bank of San Francisco and Federal Reserve Bank of New York. "May 2004," Tech Pulse Index (May 12, 2004). https://fraser.stlouisfed.org/title/6712/item/616282, accessed on December 6, 2025.

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DIGITAL COPY SOURCE: Federal Reserve Bank of San Francisco

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