Wisconsin’s six-month economic forecast ranks 49th in the nation, according to the latest state-by-state analysis by the Federal Reserve Bank of Philadelphia.
The Philadelphia Fed produces a quarterly “Leading Index” for each of the 50 states to forecast six-month economic growth.
Wisconsin’s coincident growth index stands at -0.74 percent. Wyoming is the only state with a lower projection.
The projections take into account several variables, including state housing permits, state initial unemployment claims and delivery times from the Institute for Supply Management manufacturing surveys.
The national coincident index is projected by the Philadelphia Fed to grow 1.4 percent over the next six months.
According to the forecasts, the coincident indexes of 45 states are projected to grow over the next six months. But the states of Alaska, Louisiana, North Dakota, Wisconsin and Wyoming are projected to decline.