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The Honolulu Advertiser
Posted on: Tuesday, March 30, 2010

Hawaii economic index rises in Feb. for second time in 26 months

Advertiser Staff

Hawai'i's coincident index rose in February for the second time in 26 months, according to a report from the Federal Reserve Bank of Philadelphia.

The index rose by 0.1 percent, or the same as the increase in the national coincident index. Hawai'i coincident index last rose in December after falling for 23 consecutive months.

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.