Flash index rises to highest level in nearly three years

     The University of Illinois Flash Index has risen to its highest point in nearly three years.

     The index, which is published by the U of I's Institute of Government and Public Affairs, was 98.8 in September, up one full point from August and the highest figure since December 2008.

     Any number under 100 shows economic contraction, while any number over 100 indicates economic growth.

     U of I economist Fred Giertz says that as the flash index continues to rise, the possibility of a double dip recession becomes less likely.  However, he says nothing is guaranteed.

     Hear from Fred Giertz.

     Giertz says the upcoming flash index could be a significant indicator of where the economy is heading.  He says if it holds steady or continues to rise, it could mean more stability.

     The index is a weighted average of the growth rates in corporate earnings, consumer spending, and personal income.
  

Comments

News-Gazette.com embraces discussion of both community and world issues. We welcome you to contribute your ideas, opinions and comments, but we ask that you avoid personal attacks, vulgarity and hate speech. we reserve the right to remove any comment at its discretion, and we will block repeat offenders' accounts. To post comments, you must first be a registered user, and your username will appear with any comment you post. Happy posting.

Login or register to post comments

Brooke Romano wrote on March 27, 2013 at 12:03 am

They will build pedestrian bridge for this for the place to used and be marked as their team already. Can’t focus much on this stuff for I can’t clearly understand what it might cause.