Hawaii coincident index falls again
Advertiser Staff
An index of Hawai'i's current economic indicators fell for a 17th consecutive month in June, with the Hawai'i decline outpacing the national decrease.
The coincident index produced by the Federal Reserve Bank of Philadelphia shows Hawai'i's index fell by 0.5 percent, or more than the 0.3 percent decline nationally.
The index measures economic indicators thought to closely coincide with the overall economy such as jobs, unemployment, average hours worked in manufacturing and inflation-adjusted income. An increase in the number indicates expansion, while a decline indicates contraction.