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Flash Index of Illinois economy
unchanged, indicating strong growth
Giertz, Institute of Government and Public Affairs
Mark Reutter, Business Editor, News Bureau
EDITORS, NEWS DIRECTORS: The Flash Index of Economic Growth, produced
by economists at the University of Illinois, is based on the most up-to-date
information on the Illinois economy.
CHAMPAIGN, Ill. —
The University of Illinois Flash Economic Index for September remained
unchanged from its August level at 106.4.
The index has been very stable during the first three quarters of 2006,
fluctuating within a two-point range.
The results indicate that the Illinois economy shows no signs of slowing,
even though there is concern at the national level that the economy
may be losing some momentum.
“The state is experiencing strong but sustainable growth,”
J. Fred Giertz, the Illinois professor of economics who compiles the
data, said today.
Two components of the Flash Index (individual income-tax and corporate
tax receipts) were up modestly in real terms last month from the same
month last year, while sales tax receipts were virtually unchanged.
The Flash Index is a weighted average of state growth rates in consumer
spending, corporate earnings and individual income. Tax receipts from
these categories are adjusted for inflation before growth rates are
calculated. The growth rate for each component is then calculated for
the 12-month period using data through Sept. 30.
Index readings above 100 mean the economy is growing, while readings
below 100 mean the economy is contracting.