01.07.2010 Policy Points

Weak Economic Conditions Endure

Economic conditions remained weak across much of the nation in November, according to the newest State Coincident Indexes Report prepared by the Federal Reserve Bank of Philadelphia.

In November coincident indexes moved in a negative direction in 16 states and in a positive direction in 26 states. No changes occurred in eight states (CO, ID, IN, LA, NJ, OK, OR, and UT).

graphThe map to the right, which is taken from the Reserve Bank’s survey, shows the three-month changes in coincident indicators by state. Positive numbers denote improvements in economic conditions, and negative numbers refer to declines.

Over the last three months, coincident  indexes decreased in 25 states, rose in 20 states and held steady in five states.

During the same three-month period, North Carolina’s coincident index moved in a slightly positive direction, suggesting that economic conditions improved slightl

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