Philly Fed State Indexes Remain Strong

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 The Federal Reserve Bank of Philadelphia’s State Coincident Indexes posted another solid month in September, with the three-month diffusion index remaining unchanged m/m at 90. The more volatile one-month diffusion index fell for the second consecutive month however, dropping to 62 in September from 86 in August and 90 in July. The indexes increased in 47 states over the three-month period, with Hawaii and Alabama once again posting index declines. The indexes of both of these states also registered m/m declines in September. Maine’s index was flat over the three months. Ten states posted over 1.0% increases over the last three months, led by Nevada and South Carolina. The exhibit below is reproduced from the press release.

Source: Federal Reserve Bank of Philadelphia


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