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RESEA RCH Regional Economy National Economy National Economic Indicators Home > Research > National Economy Tech Pulse Index The Tech Pulse Index is a summary statistic that tracks the health of the technology sector of the economy in a timely manner. Released October 29, 2003 Economic Indicators Calendar Summary Productivity Data and Analysis Tech Pulse Index 1995 to present Details Global Economy Capital Markets Banking Research Research Publications Economists View Research Contacts In October 2003, the real Tech Pulse Index grew at an annual rate of 44.7% while the nominal Tech Pulse Index grew at an annual rate of 36.0%. Over the last year, the real Tech Pulse has grown 31.7% and the nominal Tech Pulse has grown 20.3%. Falling quality-adjusted technology prices continue to cause the real Tech Pulse to grow faster than the nominal Tech Pulse. 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 RESEA RCH Regional Economy National Economy National Economic Indicators Economic Indicators Calendar Home > Research > National Economy Details Taking the Pulse of the Technology Sector Released October 29, 2003 Summary Details Productivity Data and Analysis Global Economy Capital Markets Banking Research Research Publications Economists View Research Contacts Indicator Table 12 MONTH GROWTH RATE MONTHLY GROWTH RATES ANNUALIZED Indicator Sep 2003 Jul 2003 Aug 2003 Sep 2003 Industrial Production 15.1% 27.9% 41.2% 18.9% Shipments 8.0% 8.6% 4.9% NA Employment -4.8% -7.4% -5.3% -2.3% PCE(computers 4.5% 9.0% 4.6% NA -20.9% -18.3% -27.2% NA +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: November 12, 2003 December 10, 2003 January 14, 2004 February 11, 2004 Home Federal Reserve System Contact Us Terms of Use Mobile Devices Site Map
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