Full text of Tech Pulse Index : May 2004 : Supplemental Material
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RESEA RCH Regional Economy National Economy National Economic Indicators Economic Indicators Calendar Productivity Data and Analysis Home > Research > National Economy Tech Pulse Index Taking the Pulse of the Technology Sector Released May 12, 2004 Summary Details Reports Tech Pulse Index 1995 to present Tech Pulse Index Global Economy Capital Markets Banking Research Research Publications Economists Visiting Scholars 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. 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: June 9, 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. Home Federal Reserve System Contact Us Terms of Use Mobile Devices Site Map