A measure of the Illinois economy is down for the second month in a row. The University of Illinois Flash Index fell this month to 106.5, a drop of four-tenths of a point, after a one-tenth of a point drop a month before. U. of I. economist Fred Giertz, who compiles the index, says the cause could be something, or it could be nothing.
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“I guess if I had to make a guess, nothing would be the guess. Things don’t always go up uniformly. We had a period where it plateaued six months ago or so and then it went up for a while, and now maybe it’s plateauing again, and so I think that’s probably the most likely answer,” he said.
The reading of 107.0 two months ago was a post-recession high. The Illinois economy is still growing, because numbers over 100 indicate growth – it’s just not growing as fast as it was a month ago.