THE UNIVERSITY OF ILLINOIS’ FLASH INDEX HIT A FOUR YEAR LOW IN OCTOBER.
THE FLASH INDEX MEASURES ECONOMIC GROWTH IN THE STATE…AND CAME IN AT 104 POINT THREE LAST MONTH. THAT’S SLIGHTLY DOWN FROM SEPTEMBER AND THE LOWEST LEVEL SINCE NOVEMBER OF 2012 SAYS U OF I ECONOMIST J. FRED GIERTZ.
GIERTZ SAYS WHILE THE STATE ECONOMY IS STILL GROWING…IT’S RECOVERING AT A SLOW RATE.
ANY FIGURE ABOVE 100 INDICATES GROWTH IN THE ECONOMY…AND THE FLASH INDEX IS COMPOSED OF INDIVIDUAL INCOME, SALES AND CORPORATE TAX RECEIPTS.
