The Coincident Index (CI) is a monthly composite economic indicator published by the Philadelphia Federal Reserve. The CI provides a snapshot of economic conditions in each state. An increase in a state’s CI over time indicates an expansion in economic activity within the state while a declining CI signals a contraction in the state’s economy.
The Coincident Index combines four state-level indicators into a single statistic:
- non-farm employment
- average hours worked in manufacturing
- the unemployment rate
- wage and salary disbursements
Monthly historical data is available.
