State Coincident Indexes in April 2026
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Movements in the Federal Reserve Bank of Philadelphia’s state coincident indexes in April were again muted. In the one-month changes, none had increases as high as 1 percent, and only three (West Virginia, Rhode Island, and South Dakota) had gains above .5 percent. On the other side, only four states had declines, all being very modest (Connecticut’s -.16 percent was the largest). Over the three months since January, five states—West Virginia, North Dakota, Idaho, New Hampshire, and Ohio—had increases of 1 percent or higher, with West Virginia’s 1.28 percent on top. Hawaii and Connecticut were the only state with declines; Connecticut’s -.33 percent being the largest. Over the last twelve months, Nevada, Ohio, Idaho, and California clocked increases above 3 percent, with Nevada’s 3.57 percent the highest. Four states were down, with West Virginia’s 2.88 percent loss (obviously conditions there have been turbulent, with steady losses over the year ending in February followed by gains the last two months) being almost three times the size of any other.
The independently estimated national estimates of growth over the last three and twelve months were, respectively, .53 and 1.79 percent. These may be a touch softer than the state figures would suggest.
Charles Steindel
AuthorMore in Author Profile »Charles Steindel has been editor of Business Economics, the journal of the National Association for Business Economics, since 2016. From 2014 to 2021 he was Resident Scholar at the Anisfield School of Business, Ramapo College of New Jersey. From 2010 to 2014 he was the first Chief Economist of the New Jersey Department of the Treasury, with responsibilities for economic and revenue projections and analysis of state economic policy. He came to the Treasury after a long career at the Federal Reserve Bank of New York, where he played a major role in forecasting and policy advice and rose to the rank of Senior Vice-President. He has served in leadership positions in a number of professional organizations. In 2011 he received the William F. Butler Award from the New York Association for Business Economics, is a fellow of NABE and of the Money Marketeers of New York University, and has received several awards for articles published in Business Economics. In 2017 he delivered Ramapo College's Sebastian J. Raciti Memorial Lecture. He is a member of the panel for the Federal Reserve Bank of Philadelphia's Survey of Professional Forecasters and of the Committee on Research in Income and Wealth. He has published papers in a range of areas, and is the author of Economic Indicators for Professionals: Putting the Statistics into Perspective. He received his bachelor's degree from Emory University, his Ph.D. from the Massachusetts Institute of Technology, and is a National Association for Business Economics Certified Business EconomistTM.