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Geographical Distribution of April Growth – Philadelphia Fed Indexes

Summary:
From the Philadelphia Fed Coincident Index release today: Figure 1: April Month-on-month percent decline in Philadelphia Fed coincident index, not annualized, %. Darker denotes larger declines. Source: Philadelphia Fed, and author’s calculations. The variation relative to the overall nationwide decline is interesting; Southern states are (for now) experiencing a less pronounced decline. Figure 1: April Month-on-month percent decline in Philadelphia Fed coincident index relative to US, not annualized, %. Darker denotes larger declines. Source: Philadelphia Fed, and author’s calculations.

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From the Philadelphia Fed Coincident Index release today:

Geographical Distribution of April Growth – Philadelphia Fed Indexes

Figure 1: April Month-on-month percent decline in Philadelphia Fed coincident index, not annualized, %. Darker denotes larger declines. Source: Philadelphia Fed, and author’s calculations.

The variation relative to the overall nationwide decline is interesting; Southern states are (for now) experiencing a less pronounced decline.

Geographical Distribution of April Growth – Philadelphia Fed Indexes

Figure 1: April Month-on-month percent decline in Philadelphia Fed coincident index relative to US, not annualized, %. Darker denotes larger declines. Source: Philadelphia Fed, and author’s calculations.

Menzie Chinn
He is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

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