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Delaware economy projected to shrink within 6 months

From the Philadelphia Fed

Commentary from A Better Delaware

In addition to higher unemployment and poor economic rankings, Delaware’s economy is projected to shrink within the next 6 months.

Delaware is one of only 9 states whose economy is projected to contract in that period.

“The leading index for Delaware was -0.7 in November. The state’s coincident index decreased, and building permits decreased in November. Additionally, the index of delivery times from the Institute for Supply Management’s manufacturingsurvey increased in November, while initial unemployment claims decreased. Overall, Delaware’s leading index forNovember suggests contraction in the state’s economy in the second quarter of 2020.”

Read the full report:

https://www.philadelphiafed.org/-/media/research-and-data/regional-economy/indexes/leading/2019/leadingindexes1119.pdf?la=en&fbclid=IwAR3dusBkbBP8P3m_DCMda_zhm-pjw_i6PC3T8VyVb6Xqq8deXmDb4YwPC1w