A monthly measure of Illinois' economy dips down only slightly, despite the state budget impasse and an ugly month in the stock market.

Neither of those factors sent the U of I Flash Index tumbling in August, with the number declining down to 106.5 from 106.6 in July. Anything above 100 indicates growth.
Fred Giertz, who compiles the index, says this doesn't mean concerns about the Chinese economy couldn't affect Illinois in the near future.
Click here for summary
"No, not at all, because things like that take time," Giertz said. "There's always a question of whether the financial markets will spill over into the real economy of gross domestic product of things of that sort, so right now, it seems not to have done that."
The index is a weighted measure of corporate earnings, consumer spending and personal income.
Giertz says economic growth remains steady, but isn't moving very quickly, as the index has hovered within the same range for the past two years.   
As for the state budget battle, Giertz guesses that the court orders and few appropriations already agreed to have mitigated any impact the lack of a budget could have on the wider economy.
(Copyright WBGZ / www.AltonDailyNews.com )