Taking the pulse of the tech sector: a coincident index of high-tech activity

Abstract

A new index of the U.S. high-tech sector, drawing upon a range of technology-specific data, has the potential to offer a more timely assessment of economic activity than has been possible to date. The index suggests that while the tech sector has rebounded from its poor performance in the 2000-01 "tech bust," it has not resumed its rapid expansion of the late 1990s.High technology industries ; Technology ; Economic indicators ; Index numbers (Economics)