3rd District Leaders Mixed: Del. -2.8, NJ +1.6, Pa. -0.9
The Philly Fed reports Leading Indicators in its districts are mixed with Del. continuing to fall, down 2.8 for Dec. after readings of -2.7 in Nov. and -3.0 in Oct.
The Philly Fed noted that the Del. data suggests contraction in that state will continue through Q3 ‘08, that NJ will enjoy moderate growth through Q3 ‘08, and that Pa. will suffer some contraction through the same period.