Thursday, October 23, 2014
Inquirer Daily News

Contraction seen for Pa.'s economy

Data collected by the Federal Reserve Bank of Philadelphia sees nine months of contraction for Pennsylvania and Delaware and no growth for New Jersey.

Contraction seen for Pa.'s economy

For those who like their leading economic indicators local, the Federal Reserve Bank of Philadelphia tracks them for Pennsylvania, New Jersey and Delaware.

The numbers released today are not good for Pennsylvania. The Fed says the state's leading index has been negative for 14 months in a row. The trend "suggests contraction in the state's economy" through the second quarter of 2009.

In New Jersey, the trend is no growth through next year's second quarter, and Delaware's small economy is facing contraction.

Building permits were down in September in Pennsylvania, but up in New Jersey and Delaware.

Mike Armstrong Inquirer Columnist
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Mike Armstrong Inquirer Columnist
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