Philly Fed: Activity Declined in Every State in December


	Philly Fed: Activity Declined in Every State in December

Forbes Markets

1-29-2009 1:32 PM

647 views

tags:

u.s. economy, coincident economic indicators, federal reserve bank of philadelphia

Forbes Markets says:

If most of the U.S. has been in recession since December 2007, this indicator suggests all of it now is.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e62682a1-c59f-4762-8742-9b000f49b765/FBFEB49B-7739-41B6-A239-A2D8FC6360D5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.calculatedriskblog.com/2009/01/philly-fed-activity-declined-in-every.html" href="http://www.calculatedriskblog.com/2009/01/philly-fed-activity-declined-in-every.html" style="font-size: 11px;">www.calculatedriskblog.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.calculatedriskblog.com/2009/01/philly-fed-activity-declined-in-every.html">Here is a new record that will never be broken! The Philly Fed index shows - for the first time ever - declining activity in all states in December</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.calculatedriskblog.com/2009/01/philly-fed-activity-declined-in-every.html"><BLOCKQUOTE>The Federal Reserve Bank of Philadelphia has released the coincident indexes for all 50 states for December 2008. The indexes decreased in all 50 states for the month (a one-month diffusion index of -100). For the past three months, the indexes increased in three states, Louisiana, North Dakota, and Wyoming, and remained unchanged in one state, Alaska.</BLOCKQUOTE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.calculatedriskblog.com/2009/01/philly-fed-activity-declined-in-every.html"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.calculatedriskblog.com/img/6C286672-F078-416C-B3FC-A15498F59DBF" alt="Philly Fed State Conincident Map" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/FBFEB49B-7739-41B6-A239-A2D8FC6360D5/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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