An index of Hawai'i's current economic indicators fell for a 11th consecutive month in December.

The coincident index produced by the Federal Reserve Bank of Philadelphia shows Hawai'i's index fell by 0.5 percent, or more than the overall U.S. average of minus 0.3 percent in December.

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.

The states with the worst December decline in their coincident index were Oregon (-2.9) and Nevada (-2.0). Alaska, Iowa, Louisiana, North Dakota and Texas tied for the lowest decline at -0.1 percent.