News

Illinois Economy Looks Up, Slightly

Illinois Economy Looks Up, Slightly

The Illinois economy is looking up a bit, according to the University of
Illinois Flash Index.

Economics professor Fred Giertz says the index ticked up from 106 to 106.2 for May. A number greater than 100 means growth. The index calculates personal income, consumer spending, and corporate earnings.

The summer vacation season could reflect elevated consumer confidence. “There was an increase in estimated Memorial Day travel,” says Giertz, but “I think it’s going to be a modest and steady” increase in discretionary spending.

Giertz says the nation’s sluggish first quarter can be blamed on the weather.

 

Recent Headlines

in Local

Former Glenwood HS Student Arrested for Twitter Threat

Fresh
ball_chatham

A non-specific Twitter threat sent Chatham Police and Glenwood High School staff into action Wednesday.

in Local

Police Seek Tips on East Side Arson

fire

Springfield Police are looking for help finding those responsible for a couple of arson incidents on the city's east side.

in Local

Illinois Farm Deaths Are on the Rise

farm

Drought credited with previous year's low

in Local

CWLP Mulls $12 Monthly Increase for Residential Electric Customers

cwlp

Customer charges would go up, but electricity rates would go down in 2015.