U of I Flash Index shows growing economy

Posted on September 4, 2018
cash register
The monthly University of Illinois Flash Index shows economic progress. (Pixabay)

By Dave Dahl

CHAMPAIGN – Illinois’ economy is at a high point of sorts.

In the monthly Flash Index from the UI, economics professor Fred Giertz says his number, considering personal income, consumer spending, and corporate receipts, is 105.1.

“Three or four years ago, the Flash index went up to 106,” Giertz tells WJBC News. “That doesn’t mean we’re worse now; it just means we are moving upwards a little bit more slowly. Anything above 100 is progress.

It’s the highest point in more than two years. Giertz uses a weighted average of corporate receipts, personal income, and consumer spending. Anything greater than 100 means growth.

Dave Dahl can be reached at [email protected]. 

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