Fred Giertz

Flash Index: Illinois Economy Continues to Grow

Feb 6, 2018
University of Illinois at Urbana-Champaign / Department of Economics

The University of Illinois Flash Economic Index for January rose three-tenths of a point to 104.4. Anything over 100 indicates the state’s economy is growing.

Economist Fred Giertz reports that that Flash’s rise is driven by strong individual income tax receipts. He also says Illinois’ economic health and strong unemployment figures also mirror the national economy. "It’s been an upward trajectory. Unemployment has been going down, but we haven’t move as fast as the national economy," Giertz said.

Eclectic Dyslexic / Flickr/Creative Commons

The Index that measures the Illinois economy fell to 104.7 in July, down 0.3 from June. 

The reading indicates that that state economy continues to grow, but more slowly than before.

University of Illinois economist Fred Giertz compiles the Flash Index. Giertz says the economic slowdown in 

Illinois follows a national trend over the past two quarters, and he says that could be evidence that the economic recovery is slowing down.

news.illinois.edu

Reflecting a national slow-down, the Flash Index to the Illinois economy fell to 106-point-5 in April. The Flash Index has been declining ever since reaching a post-recession high in January of 107-point-2.