New tool provides near-real-time data on business conditions in the region served by the Cleveland Fed
The public can now access near-real-time data on regional business conditions using a new Cleveland Fed charting tool built from the Survey of Regional Conditions and Expectations, or SORCE.
The SORCE indexes have helped inform the Cleveland Fed’s Beige Book and monetary policy efforts for more than a decade. They reveal what businesses in the Federal Reserve’s Fourth District are saying about demand, prices, costs, employment, wages, capital expenditures, and future expectations.
SORCE data is timely: It’s collected every six weeks, and the indexes will be released roughly three weeks later, soon after the release of the Beige Book.
The current data set runs from 2014 through 2024. It shows how business conditions plunged with the onset of COVID-19, rose dramatically as the pandemic subsided, and then moderated in more recent years. The next update is scheduled for March 5.
The data is collected via a survey of business and community leaders in the Fourth District, which includes Ohio, western Pennsylvania, eastern Kentucky and the northern tip of West Virginia.
Try it yourself: The Survey of Regional Conditions and Expectations (SORCE)
Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.
The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.
Media contact
Chuck Soder, chuck.soder@clev.frb.org, 216.672.2798
- Share
Survey of Regional Conditions and Expectations (SORCE)
SORCE indexes are based on our survey of business and community leaders and provide a timely summary of economic activity in our region, which includes all of Ohio and parts of Pennsylvania, Kentucky, and West Virginia. Released twice each quarter.
Introduction to the Cleveland Fed Survey of Regional Conditions and Expectations (SORCE) Indexes
This District Data Brief introduces the Cleveland Fed Survey of Regional Conditions and Expectations (SORCE) indexes, which provide a timely summary of economic conditions in the Fourth Federal Reserve District.
About Us
The Federal Reserve Bank of Cleveland (commonly known as the Cleveland Fed) is part of the Federal Reserve System, the central bank of the United States.