![](https://cdn.socast.io/6616/sites/389/2020/09/01125921/0901FlashIndex-300x194.png)
By Dave Dahl
SPRINGFIELD – A monthly measure of the Illinois economy is on somewhat of a comeback. The Flash index, the University of Illinois’ gauge of Illinois’ economic activity, inched up over the past month from 93.9 to 94.6. 100 is the break-even point between growth and contraction.
The index is a weighted average of consumer spending, corporate earnings, and personal income. Study author Fred Giertz, a University of Illinois economics professor, says since unemployment does not affect all three factors, it does not necessarily tie into the index.
Giertz does say that the election could be a referendum on the economy; a president gets the credit or blame, regardless of whether either is warranted. Giertz says you need only look to Herbert Hoover for an example of how unpopular a president can be in troubled times.
Dave Dahl can be reached at [email protected].