South By North Strategies, Ltd.

Economic conditions remained weak across much of the nation in December, according to the newest State Coincident Indexes Report prepared by the Federal Reserve Bank of Philadelphia.

In December coincident indexes moved in a negative direction in 40 states and in a positive direction in three states (NV, OK, and OR). No changes occurred in seven states (CA, ID, KY, MI, TX, UT, and VA).

The map to the right, which is taken from the Reserve Bank’s survey, shows the three-month changes in coincident indicators by state. Positive numbers denote improvements in economic conditions, and negative numbers refer to declines.

Over the last three months, coincident  indexes decreased in 37 states, rose in 10 states and held steady in three states.

During the same three-month period, North Carolina’s coincident index moved in a slightly positive direction, suggesting that economic conditions improved somewhat.