U of I flash index

U of I Institute of Govt & Public Affairs

The June numbers for the University of Illinois’ Flash Index show the Illinois economy’s growth rate has fallen for two months in a row. But the economist who compiles the index isn’t too concerned. The Flash Index measured the health of the state’s economy at 105.6 in April, 105.4 in May and 105.2 in June. 

UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN / DEPARTMENT OF ECONOMICS

A University of Illinois economist says Illinois is nine years into an economic expansion. However, he says the state may see an economic downturn in the next few years. Daniel Baker reports.

Economist J. Fred Giertz says his latest Flash Index, a measure of Illinois’ economic health, rose in April to 104.7, its highest level in 20 months. He says expansions don’t last forever, and that it can be hard to read the warning signs when the state economy is due for a decline.

University of Illinois Urbana-Champaign / Department of Economics

The University of Illinois Flash Index measured the Illinois economy at 104.5 in March. That’s down a tenth of a point from February. But economist Fred Giertz says it’s still an indicator of steady economic growth.

Giertz says the Illinois economy is getting help from the strong national economy. That’s reflected in Illinois’ statewide unemployment rate of five percent in February.

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.

University of Illinois

URBANA, Ill. (AP) - A University of Illinois index of the state's economy shows that while it is still growing, economic activity slowed late last year to levels not seen in more than two years. 

The university's Institute of Government and Public Affairs said Monday its U of I Flash Index fell from 106.1 in November to 105.5 in December. Any reading higher than 100 indicates the state's economy is growing.