Philly Fed State Coincident Indexes increase in October

The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for October 2011. In the past month, the indexes increased in 43 states, decreased in five, and remained unchanged in two (Georgia and New Mexico) for a one-month diffusion index of 76. Over the past three months, the indexes increased in 42 states, decreased in seven, and remained unchanged in one (Delaware) for a three-month diffusion index of 70.

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Philly Fed Index: August 2010

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Philly Fed Index

This index turned down sharply in June and July and was negative in August and September (indicating contraction).

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Philly Fed Index

This index turned down sharply in June and July and was negative in August for the first time since July 2009.

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