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Federal Reserve Bank of Chicago
Economic Perspectives
A New “Big Data” Index of U.S. Economic Activity
Scott A. Brave
R. Andrew Butters
David Kelley

The authors present a new “big data” index of U.S. economic activity that can be used to track business and inflation cycles in real time and estimate monthly real gross domestic product growth.

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Scott A. Brave & R. Andrew Butters & David Kelley, "A New “Big Data” Index of U.S. Economic Activity" , Federal Reserve Bank of Chicago, Economic Perspectives, issue 1, pages 1-30, 2019.
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Keywords: Chicago Fed National Activity Index (CFNAI); economic activity; gross domestic product (GDP)
DOI: 10.21033/ep-2019-1
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