Philly Fed’s Leading Index Growing At 1.4% And Growing In 41 States (41 Out of 50 Ain’t Bad!)

The Federal Reserve Bank of Philadelphia has released the leading indexes for the 50 states for November 2019. The indexes are a six-month forecast of the state coincident indexes (also released by the Bank). Forty-one state coincident indexes are projected to grow over the next six months, and nine are expected to decrease. For comparison purposes, the Philadelphia Fed has also developed a similar leading index for its U.S. coincident index, which is projected to grow 1.4 percent over the next six months.

At the national level, the leading index for the US is stable and growing at 1.4%.

Screen Shot 2020-01-08 at 5.17.34 PM

At the state level, green is good. Salmon, gray and red are not.

fed phil state leading index .png

To paraphrase Meatloaf, 41 out of 50 ain’t bad.

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