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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 November 12, 2003 Summary Details Tech Pulse Index 1995 to present Global Economy Capital Markets Banking Research Research Publications Economists View Research Contacts 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. 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 the following month. 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