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The Honolulu Advertiser
Updated at 11:53 a.m., Wednesday, December 24, 2008

Hawaii coincident index slips again

Advertiser Staff

An index of Hawai'i's current economic indicators fell for a ninth consecutive month in November.

The coincident index produced by the Federal Reserve Bank of Philadelphia shows Hawai'i's index fell by 0.2 percent, in line with the overall U.S. economy's decline.

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. An increase in the number indicates economic expansion, while a decline indicates contraction.