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November 2003

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November 2003

DATE: November 12, 2003

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In November 2003, the real Tech Pulse Index grew at an annual rate of 34.3% while the nominal index grew at an annual rate of 31.5%. Over the last year, the real index has grown 32.9% and the nominal index has grown 23.6%. Hence, the recovery in the U.S. technology sector is robust. However, the growth in the real Tech Pulse index over the past 12 months is 21% lower than the average annual growth rate of that index during the period of 1995 through 2000, while the growth rate in the nominal Tech Pulse index is 5% lower than the growth rate during the same period. Thus, the sector's achievements still trail those of its boom years in the second half of the 1990's.

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Federal Reserve Bank of San Francisco and Federal Reserve Bank of New York. "November 2003," Tech Pulse Index (November 12, 2003). https://fraser.stlouisfed.org/title/6712/item/616472, accessed on December 6, 2025.

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