Philly Fed State Coincident Indicators: Widespread Recession in June
Click on map for larger image. Here is a map of the three month change in the Philly Fed state coincident indicators. Forty seven states are showing declining three month activity. This is what a widespread recession looks like based on the Philly Fed states indexes. On a one month basis, activity decreased in 46 states in June, and was unchanged in 1 state
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