Iowa Economic Indicators

mydata.iowa.gov | Last Updated 28 May 2024

This dataset provides economic indicators used to monitor Iowa's economy and forecast future direction of economic activity in Iowa.

Tags: iowa leading indicators index, ilii, residential building permits, diesel fuel consumption, average weekly unemployment claims, iowa stock market index, average weekly manufacturing hours, yield spread, new orders index, agricultural futures profits index, iowa non-farm employment coincident index

This dataset has the following 17 columns:

Column NameAPI Column NameData TypeDescriptionSample Values
Monthdatecalendar_dateMonth associated with the indicators.
Iowa Leading Indicator IndexiliinumberA computed index derived from seven Iowa-specific economic indicators and one national indicator that helps predict turning points in Iowa employment (100=1999). The components include: agricultural futures profits index, average weekly manufacturing hours, average weekly unemployment claims, diesel fuel consumption, Iowa stock market index, national yield spread, new orders index, and residential building permits. A movement in the index for only one month does not produce a clear signal, rather it is necessary to consider the direction of the index over several consecutive months. Please see Computation of the Iowa Leading Indicators Index for more information.
Avg Weekly Manufacturing Hoursaverage_hoursnumberA 12-month backward moving average of the weekly average of hours worked by an in the manufacturing sector in Iowa.
Residential Building Permitsbuilding_permitsnumberA 12-month backward moving average of the number of total permits issued in Iowa for the construction of residential housing units.
New Orders Indexnew_ordersnumberA 12-month backward moving average of the share of purchasing managers in the state reporting increasing or steady orders received for their manufacturing products. A value above 50 suggests an expansion in the manufacturing sector. The new orders index is compiled by Dr. Ernest Goss with the Heider College of Business at Creighton University.
Avg Weekly Unemployment Claimsunemployment_claimsnumberA 12-month backward moving average of the weekly average of initial claims for unemployment insurance in Iowa.
Yield Spreadyield_spreadnumberThe difference between the yield on 10-year Treasury bonds and 3-month Treasury bills.
Diesel Fuel Consumption (Gallons)diesel_fuelnumberA 12-month backward moving average of the number of taxable gallons of diesel fuel sold in Iowa.
Iowa Stock Market Indexiowa_stock_marketnumberThe capitalization-weighted index of 34 Iowa-based or Iowa concentrated publicly-traded companies (10=1984-86).
Agricultural Futures Profits IndexafpinumberA computed index of the standardized symmetric percent changes in the four series (corn profits, soybean profits, cattle profits and hog profits), each weighted by the commodity's annual share of Iowa cash farm income.
Non-Farm Employment Coincident Indexnon_farm_employment_indexnumberThe Iowa Non-Farm Employment Coincident Index measures the change in non-seasonally adjusted, total non-farm employment in the state of Iowa. Changes are based on a 12-month moving average of employment and are computed as symmetric percentage changes. The index is a representation of overall economic activity in Iowa. Data is reported by the U.S Bureau of Labor Statistics.
Corn Profitscorn_profitsnumberCorn profits is a 12-month backward moving average of the corn futures price less the estimated break even costs in cents per bushel
Soybean Profitssoybeans_profitsnumberSoybeans profits is a 12-month backward moving average of the soybeans futures price less the estimated break even costs in cents per bushel
Cattle Profitscattle_profitsnumberCattle profits is the average crush margin in cents per pound for cattle for the next 12 months.
Hog Profitshogs_profitnumberHog profits is the average crush margin in cents per pound for hogs for the next 12 months.
1 Month Diffusion Index_1mo_diff_indexnumberThe one month diffusion index measures the proportion of components rising over the last month. It is based on actual changes, not the standardized contributions. Components experiencing an increase of more than 0.05 percent are assigned a value of 1.0; components experiencing a change in the absolute value of 0.05 or less are assigned a value of 0.5; and components experiencing a decrease of more than 0.05 percent are assigned a value of 0.0. These assigned values are then summed over all of the components. The sum is multiplied by 100 and divided by the number of components. A value below 50 indicates more than half of the components declined in value during the last month.
6 Month Diffusion Index_6mo_diff_indexnumberThe six month diffusion index measures the proportion of components rising over the last six months. It is based on actual changes, not the standardized contributions. Components experiencing an increase of more than 0.05 percent are assigned a value of 1.0; components experiencing a change in the absolute value of 0.05 or less are assigned a value of 0.5; and components experiencing a decrease of more than 0.05 percent are assigned a value of 0.0. These assigned values are then summed over all of the components. The sum is multiplied by 100 and divided by the number of components. A value below 50 indicates more than half of the components declined in value during the last six month.