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Illinois economy in 'slow stable' growth

Monday, May 07, 2018

URBANA — The Illinois economy remains in slow stable growth, reflecting a strong national economy, according to the latest University of Illinois Flash Index.

The index dipped in March to 104.5 from February’s 104.6; however, it remains within the same 104 to 105-point range it has been since early 2016.

“Despite a number of potential threats — most importantly, a trade war and volatile financial markets — the U. S. economy continues strong,” said U of I economist J. Fred Giertz, who compiles the monthly index for the Institute of Government and Public Affairs.

Index readings above 100 indicate that the state’s economy is growing, while readings below 100 indicate economic contraction. The last time the Flash Index was below 100 was February 2012. It has held within a range of 103.9 to 105 since June 2016.

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