A monthly measure of Illinois' economy says it's growing – but slowly.

It's the Flash Index from the U of I. Economics professor Fred Giertz is the author and says the number ticked down from November to December.

“The Flash Index was down considerably,” says Giertz, from 106.1 in November to 105.5 in December. “It suggests a slowing in the rate of growth. A decline in the index does not mean the economy is declining; it means it's declining less rapidly. This is not a great surprise; the third quarter in the United States was slower than many people expected.”

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Anything more than one hundred means growth.

The index considers personal income, corporate earnings, and consumer spending.

Giertz says he doesn't want people to freak out over the lack of a state budget, but, he adds, it's sure not helping.
(Copyright WBGZ / www.AltonDailyNews.com )