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Economic Activity Advances in Thirty States in September
11/18/11 – The Federal Reserve Bank of Philadelphia regional economic activity indexes advanced in 30 states in September from August. On a three-month moving average basis, 33 states showed improvement. Thirteen states declined in September, with the only notable concentration being in the South Atlantic division where activity for five of the eight states declined (Delaware, Georgia, North Carolina, Virginia, and West Virginia). Also included in this division is Maryland whose index was unchanged from August. This was the only division posting a decline, falling 0.9%. The West North Central division had the greatest monthly advance among the nine divisions with a 3.5% increase at an annual rate and was one of only two divisions (along with the West South Central) in which no state posted a decline in activity (South Dakota was flat).

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