February 1, 2013

State of Alabama
Press Release: Alabama Department of Commerce

Alabama Economy Still Primed for Strong Growth in 2013

By Alex Walsh | awalsh@al.com
January 31, 2013
Alabama is among the states with a strong leading index score for December 2012, according to the
The latest leading index numbers still have Alabama as a top-five fastest-growing economy for the first half of 2013. 

The leading index is built and maintained by the Federal Reserve Bank of Philadelphia as an estimator for state-level economic growth. The index uses two state-specific components (housing permits, initial claims of unemployment insurance) and two national indicators (interest rates on Treasuries, total manufacturing growth) to estimate growth. .

AL.com has recently covered changes in permits and initial claims in Alabama:

If the Philly Fed is right, Alabama should expect to see strong growth in employment, wages, and manufacturing output over the next six months.

  • For more information, visit http://commerce.alabama.gov
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