The bright spot in the report from the Federal Reserve Bank of Philadelphia was that indicators of future activity actually improved.

FORBES: Magazine Article

On Wednesday, the Central Bank released its series of economic indicators.

FORBES: Brazil's Star Power Dims, Economic Growth Weaker Than U.S.

The task of a central-bank watcher is to work out which indicators the bank is following.

ECONOMIST: European Central Bank

The pipeline of economic indicators is less dovish, making it harder for the Bank to continue cutting rates.

FORBES: In Brazil, Who Let The Doves Out?

Nitesh Patel, an economist for the Bank of Scotland, explained that Shetland had performed consistently well in the survey in recent years, across a range of indicators.

BBC: Shetland leads Bank of Scotland Quality of Life list