Rate of Growth of Philly Fed United States Coincident Index
The economies of California, North Dakota, and Ohio Expanded over 1.0% cumulative in May + June + July 2012.
The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for July 2012. In the past month, the indexes increased in 22 states, decreased in 17, and remained stable in 11, for a one-month diffusion index of 10. Over the past three months, the indexes increased in 32 states, decreased in 14, and remained stable in four, for a three-month diffusion index of 36. For comparison purposes, the Philadelphia Fed has also developed a similar coincident index for the entire United States. The Philadelphia Fed’s U.S. index rose 0.2 percent in July and 0.6 percent over the past three months.
source: Philly Fed
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