Hawaii economic index falls for 15th consecutive month
An index of Hawaii's current economic indicators fell for a 15th consecutive month in March.
The coincident index produced by the Federal Reserve Bank of Philadelphia shows Hawai'i's index fell by 0.7 percent, or more than the overall U.S. average of minus 0.5 percent in December.
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 economic expansion, while a decline indicates contraction.
The states with the worst December decline in their coincident index were Oregon (minus 3.7) and West Virginia (minus 2.3). North Dakota had the lowest change at 0.0 percent.