The Illinois economy is growing, but probably not at as fast a pace as most people would like, according to the U of I's Flash Index. “The last four months have been very much in a narrow range from 106 to 106.2, which basically means it's been unchanged for three or four months,” says the study's author, University of Illinois economics professor Fred Giertz. From June to July, the average did indeed go from 106 to 106.2.
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The Flash Index is a weighted average of personal spending, consumer income, and corporate earnings. Anything more than 100 indicates growth.
Giertz says how you choose to feel about it depends on the comparison. Things look better than they did about four years ago but not as good as they did eight years ago, he says.
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