Philly Fed Indexes Slip Again in December

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The Federal Reserve Bank of Philadelphia’s State Coincident Indexes slipped again in December. The three-month diffusion index fell to 64 from a revised 68 in November. This is the lowest reading for the index since September 2024. Similarly, the volatile one-month diffusion index fell to 30 from a revised 54 in November, bringing the one-month index to its lowest point since June 2024. The most significant three-month declines were seen in West Virginia (down 2.08%) and Delaware (down 1.03%). West Virginia also posted the largest one-month decline, with its index falling 1.14%. On the plus side, Missouri posted the largest three-month index gain with a 1.20% increase in its index, followed by Idaho with a 0.99% improvement. The exhibit below is reproduced from the press release. 



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