ECONOMIC NEWS BETTER FOR NEW JERSEY AND REGION
By Jason Method/Asbury Park Press
April 3, 2012
Two measurements taken by the Federal Reserve Bank of Philadelphia shows an improving economy for New Jersey and the region.
The Philly Fed’s coincident index for New Jersey rose .3 percent in February and has jumped by 3.1 percent in the last 12 months. The index is designed to track long-term growth in gross domestic product.
Pennsylvania’s index has risen 2.9 percent in the last 12 months. Delaware’s is up, but barely, .8 percent in the last 12 months.