(RTTNews) - The economies of 39 states saw deterioration in May, according to statistics released on Tuesday by a branch of the U.S. central bank. Six states experienced an improvement during the month, while another five had no change.

The Federal Reserve Bank of Philadelphia said its coincident indexes rose for six states in May - Wyoming, Utah, Texas, New Hampshire, Iowa and Colorado. Of these, Texas had the biggest improvement during the month, with an increase of 0.2%.

Rhode Island had the biggest decline in its coincident index for the month, with a slide of 1.3%. Idaho, Michigan and Montana each saw its index decline by more than 1% as well.

For the U.S. as a whole, the coincident index was unchanged in May, indicating a stagnant economy.

The report showed that over the last 3 months, the coincident indexes in 12 states have increased. Meanwhile, 35 states have seen declines over the 3-month period.

Again, Texas was the best performer and the only state to see an increase of more than 1%.

Washington, Nevada, Idaho, Montana, Michigan, Louisiana, West Virginia, Delaware and Rhode Island each saw declines of more than 1% over the 3-month period.

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