The monthly measure of the state's economy, as reflected in the University of Illinois Flash Index, shows growth is slowing a bit.
The index is a weighted average of personal income, consumer spending, and corporate earnings. Anything above 100 indicates growth, and the Flash slipped from 106.0 in September to 105.8 in October.
As for the big buying season coming up:
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“Every year they have estimates of how consumer spending is going to change,” said study author Fred Giertz, a UI economics professor. “This year the estimates are that it's going to be up, but not to the same degree as last year. The index does not go up in December automatically because of high retail sales; it depends on whether the sales are greater or smaller than last year's.”