The monthly measure of Illinois’ economy from the University of Illinois shows a slowdown in the growth. The Flash Index fell from January’s 107.2 to 106.8 in February– still growth, but slower. “It may be simply a trend in the economy; it might also be a result of the unusually harsh weather during February keeping people in from their shopping,” says economics professor Fred Giertz, the study author.
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“If it bounces back next month, (February) may very likely be a weather phenomenon.” Giertz says we should expect some tax money coming in the next couple of months, too. The index is a weighted average of consumer spending, personal income, and corporate receipts.
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