News

Flash Index: Illinois Economic Growth Slowing

Flash Index: Illinois Economic Growth Slowing

Photo: clipart.com

The Illinois economy is growing, but the growth is slowing.

This is according to the University of Illinois Flash Index, coming in this month at 106, a drop from 106.5 last month. Numbers over 100 indicate growth.

Economist Fred Giertz, who compiles the index, makes two points: “One is there’s a substantial drop, and secondly, it’s now a three-month trend. In January (the index) reached a (post-recession) high of 107.2 and now it’s down to 106, so I think it shows that the economy is slowing in Illinois as it has in the country, but slowing is not the same as declining,” he said.

Giertz says some of the slowing could be because the winter here was extra cold and snowy and the numbers will bounce back once the weather is warm, but it’s hard to know.

Recent Headlines

in Local

Hundreds Turn Out in Chatham to Talk Water

Fresh
Chatham2

Complaints about water quality in Chatham pour in

in Local

Some Want Rail Crossing “Quiet Zones”

railroad

3rd Street corridor too noisy for some residents

in Local

Lincoln Library Receives Sizable Gift

lincoln library

Estate of local icon provides large gift to public library for upgrades

in Local

Topinka Honored, Remembered in Memorial Service

FILE - In this Nov. 3, 2002 file photo, Illinois state Treasurer Judy Baar Topinka participates in a Republican campaign rally in Springfield, Ill. Topinka, who won a second term for state comptroller in November 2014, died early Wednesday morning, Dec. 10, 2014, less than 24 hours after having a stroke, according to her office. She was 70. Topinka previously served three terms as Illinois state treasurer, was a former Illinois GOP chairwoman and ran for governor in 2006.

Friends, family, and politicians bid their final farewell to Judy Baar Topinka.

in Local

Deliberations Begin in IDPH Grant Fraud Case

dingle

A federal jury has started deliberating on whether a Chicago businessman and his wife stole $3.4 million they received in Illinois state grant funds.