The coincident index for the state of Hawai'i fell in August, the fifth consecutive month the index has declined.

Hawai'i was one of 31 states where the index fell. The index, which measures economic indicators thought to closely coincide with the overall economy, is compiled by the Federal Reserve Bank of Philadelphia. An increase in the coincident index indicates economic expansion, while a decrease indicates contraction.

Hawai'i's coincident index hit a high of 121.23 in March and has declined every month since then. Its August level was 119.76.

Employment, inflation-adjusted income, unemployment and average hours worked in manufacturing are used in calculating the index.