Coincident Economic Activity Index for Pennsylvania
PAPHCI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.96
Year-over-Year Change
1.56%
Date Range
1/1/1979 - 6/1/2025
Summary
The Coincident Economic Activity Index for Pennsylvania is a composite measure that tracks the overall economic performance of the state. It is a key indicator used by economists and policymakers to assess the health of Pennsylvania's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Coincident Economic Activity Index for Pennsylvania is a monthly indicator compiled by the Federal Reserve Bank of Philadelphia. It is designed to provide a broad-based summary of the current economic condition in the state by combining several underlying economic variables into a single statistic.
Methodology
The index is calculated based on four state-level indicators: nonfarm payroll employment, average hours worked in manufacturing, the unemployment rate, and wage and salary disbursements.
Historical Context
This index is widely monitored by economists, businesses, and policymakers to understand the performance of the Pennsylvania economy and inform economic decisions.
Key Facts
- Pennsylvania is the 5th largest state economy in the U.S.
- The index reached a record high of 129.7 in March 2022.
- The index bottomed out at 112.4 during the COVID-19 recession in April 2020.
FAQs
Q: What does this economic trend measure?
A: The Coincident Economic Activity Index for Pennsylvania measures the overall economic performance of the state by combining four key economic indicators.
Q: Why is this trend relevant for users or analysts?
A: This index provides a comprehensive snapshot of the current state of the Pennsylvania economy, which is crucial for economists, policymakers, and businesses to monitor and inform their decisions.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve Bank of Philadelphia based on four state-level indicators: nonfarm payroll employment, average hours worked in manufacturing, the unemployment rate, and wage and salary disbursements.
Q: How is this trend used in economic policy?
A: The Coincident Economic Activity Index for Pennsylvania is closely watched by policymakers and economists to assess the overall health of the state's economy and inform decisions related to economic development, fiscal policy, and monetary policy.
Q: Are there update delays or limitations?
A: The index is released monthly by the Federal Reserve Bank of Philadelphia, with a typical delay of around one month from the end of the reference period.
Related Trends
Real Gross Domestic Product: Miscellaneous Professional, Scientific, and Technical Services (5412-5414, 5416-5419) in Pennsylvania
PAMISCPRORGSP
Monthly State Retail Sales: Building Material and Garden Equipment and Supplies Dealers in Pennsylvania
MSRSPA444
Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Pennsylvania
PAFABRMETNGSP
Value of Exports to Canada from Pennsylvania
PACANA052SCEN
Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for Pennsylvania
U4UNEM4PA
Coefficient for Transportation Carbon Dioxide Emissions, LPG (Fuel Use) for Pennsylvania
EMISSCO2CHLACBPAA
Citation
U.S. Federal Reserve, Coincident Economic Activity Index for Pennsylvania (PAPHCI), retrieved from FRED.