Illinois Economy Surges In First Quarter

SPRINGFIELD – The Illinois economy showed strong signs of recovery during the first quarter of 2021 as businesses continued to reopen from the pandemic and direct government payments flowed to businesses and individual consumers. Data released last week from the U.S. Bureau of Economic Analysis showed the state’s economy grew at an annual rate of 6.4 percent […]

Illinois Economy Rebounding, According To Flash Index

URBANA – The Illinois economy has been in growth mode for two months in a row, according to the University of Illinois Flash Index. Any reading above 100 on the Flash Index means economic growth. The May reading was at 105.3. That’s up from April’s 101.5, and almost as high as the February 2020 reading […]

Flash Index Shows Record Jump In Illinois Economy

URBANA — For the first time in 13 months, the Illinois economy is expanding, according to the University of Illinois Flash Index. The Flash Index reading for April is 101.5, surging above 100 for the first time since February 2020, when it was at 105.7. The COVID-19 pandemic sent the Flash Index below 100 starting […]

Flash Index Shows Improving Illinois Economy For March

URBANA – The Flash Index showed a strong improvement in Illinois’ economy over the past month, rising from February’s reading of 96.6  to 97.8 for March. The increase comes after several months of steady but slower improvement, as the Illinois economy recovers from last year’s deep downtown caused by the COVID-19 shutdown. University of Illinois […]

Flash Index Continues Slow, Steady Recovery

URBANA – The Illinois economy continued its slow recovery in January, according to the University of Illinois Flash Index. Listen to this story here. The Flash Index measured the state’s economy at 96.3 for the first month of 2021. That’s up from 95.9 the month before. Any Flash Index reading below 100 indicates economic contraction. […]

December Flash Index Shows Slow, Steady Recovery For Illinois Economy

URBANA – The Illinois economy continued its slow recovery from the COVID-19 pandemic in December, according to the University of Illinois Flash Index. The monthly report measured the state’s economy at 95.9 in December, up from 95.6 in October and November. The number shows an improvement in the state economy since the Flash Index dropped […]

Illinois Flash Index Put On Hold By Coronavirus Outbreak

Every month, the University of Illinois Flash Index analyzes Illinois tax receipts to provide a quick measurement of the Illinois economy. But the disruption caused by the coronavirus outbreak is making that impossible for now. Professor emeritus in economics Fred Giertz produces the Flash Index for the University of Illinois Institute of Government and Public […]

Flash Index Shows Continuing Steady Growth

The Illinois economy continues to grow at a steady rate. The University of Illinois Flash Index ticked up to 105.6 in December, slightly higher than November’s 105.4. Any number above 100 indicates economic growth.