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A Wealth of Economic
Information Online
By Peter W. Johnson, Jr.
To Appear in Financial Advisory Practice, April 1999
A Publication of the RIA Group, Boston, MA
U.S. Economic Statistics
As you might expect, the treasure closest to home is the easiest
to find. Because the Internet got its start in the U.S, and
because the U.S. has a long history of publicly available
accounting and economic research, there is more information
available online concerning the U.S. economy than any other.
The following guide is meant to provide an easy reference
to the most commonly followed U.S. economic statistics, and
includes the Data Available, the online publisher, and the
Web address. "Overall Site Grade" is my own subjective impression
of each site, based primarily on comprehensiveness of content,
explanations and commentary, and ease of navigation.
| Consumer
Confidence Index |
Conference
Board |
| Overall
Site Grade: A |
http://www.conference-board.org/ |
| The Conference
Board publishes the Consumer Confidence Index and
the Leading Economic Indicators at this site, but
also publishes an executive magazine "Across the
Board," and sponsors conferences, councils and meetings,
which are described on the Website. |
| Consumer
Credit |
Federal
Reserve |
| Overall
Site Grade: B+ |
www.bog.frb.fed.us/releases/G19 |
| Although this
site lacks interpretive commentary and a glossary
of terms, it does a comprehensive job of providing
numbers. Users will find monthly summaries of overall
consumer debt, and breakdowns of interest rates, loan
types, and loans by type of institution. |
| Consumer
Price Index |
Bureau
of Labor Statistics |
| Overall
Site Grade: A- |
stats.bls.gov/cpihome.htm |
| Everything you
ever wanted to know about consumer prices can be
found at this site. Extensive definitions are available,
as are breakdowns of CPI by major geographic areas,
types of expense and population segments. Users
can even find out how the data is gathered and tabulated. |
| Employment
and Income |
Bureau
of Labor Statistics/Census |
| Overall
Site Grade: A- |
http://www.bls.census.gov/cps/pub/pubtopic.htm |
| A monster site,
with more numbers than you can shake a computer
at. Monthly summaries dating back about four years
are available, and each summary includes extensive
breakdowns, definitions and commentary. Also included
are over 20 other research and data publications. |
| Foreign
Exchange Rates |
Federal
Reserve |
| Overall
Site Grade: B |
http://www.bog.frb.fed.us/releases/H10/ |
| Some 24 foreign
currency units tracked against the U.S. Dollar.
A Weekly publication that breaks data down into
days. No data interpretation, commentary or definitions.
|
| Gross Domestic
Product |
Dryden
Press |
| Overall
Site Grade: A+ |
www.dryden.com/state.html
|
| Dryden Press
is a leading college publisher in business disciplines.
Their .State of the Economyê page is an excellent
jumping-off point for all kinds of domestic economic
research, and includes source references and charts.
Youêll find GDP at the top of the page. |
| Industrial
Production and Capacity Utilization |
Federal
Reserve |
| Overall
Site Grade: B |
www.bog.frb.fed.us/releases/G17 |
| Basically, monthly
data on Industrial Production and Capacity Utilization,
with little extra breakdown or interpretive commentary. |
| Interest
Rates |
Federal
Reserve |
| Overall
Site Grade: B |
www.bog.frb.fed.us/releases/H15 |
| I used to shell
out about $30 per year to get the exact same weekly
reports that are now available at this Website.
Interest rates are averaged for the week, then broken
down by day, by major borrower markets, and include
Treasury constant maturities. Historical rates available
back to 1996. |
| Labor Productivity
Report |
Bureau
of Labor Statistics |
| Overall
Site Grade: B |
stats.bls.gov/news.release/prod2.t01.htm |
| This numbers-based
site contains statistics on productivity, hourly
compensation, unit labor costs, and prices, seasonally
adjusted. |
| Leading
Indicators |
Conference
Board |
| Overall
Site Grade: A |
|
| The Conference
Board publishes the Consumer Confidence Index and
the Leading Economic Indicators at this site, but
also publishes an executive magazine "Across the
Board," and sponsors |
| Money Supply
À Aggregate Reserves of Depository Institutions
and the Monetary Base |
Federal
Reserve |
| Overall
Site Grade: B |
www.bog.frb.fed.us/releases/H3/ |
| Reserves and
borrowings of depository institutions. A weekly
report, dating back (on the Website) to May 1997. |
| Money Supply
À Stock, Liquid Assets and Debt Measures (M1, M2,
M3, debt) |
Federal
Reserve |
| Overall
Site Grade: B+ |
|
| This weekly
Fed report covers the all-important major money
supply measures, M1, M2 and M3, as well as debt.
Fortunately, there are numerous footnotes to help
the user wade through the extensive data |
| |
Federal
Reserve |
| Overall
Site Grade: A |
www.stls.frb.org/publications/mt/ |
| The Federal
Reserve Bank of St. Louis hosts a truly fine Website,
and the Monetary Trends monthly report is no exception.
Although the reports date back only to 1998, they
are broken down into major subject areas, and viewable
both in GIF and PDF formats; GIF for speed of download,
PDF for clarity of viewing and printing. Donêt miss
the rest of this Website! |
| |
Bureau
of Labor Statistics |
| Overall
Site Grade: A- |
stats.bls.gov/ppihome.htm |
| Although limited
to discussion of PPI, this site does a thorough
job, and provides supplementary commentary, explanations
of methodology and fairly well thought out navigation
and organization. |
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