Philly Fed Indexes Remain Strong

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The Federal Reserve Bank of Philadelphia’s State Coincident Indexes continue to sit in firmly positive territory. In July, the three-month diffusion index improved to 86 from the 84 registered in June. This is the fourth consecutive month in which the three-month diffusion index was 80 or greater. The indexes increased in 46 states with only Kentucky, Hawaii and Alabama posting index declines over the three-month period. Oklahoma’s index was flat. However, unlike the Alabama and Hawaii indexes, Kentucky’s index improved m/m in July. Fifteen states posted over 1.0% increases over the last three months, led by West Virginia and Rhode Island. The exhibit below is reproduced from the press release.


 

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