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Illinois Economy Rebounding, According to Flash Index


Alex Coleman/Illinois Newsroom
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 of 105.7.  (Find an archive of Flash Index readings here.)
University of Illinois economist Fred Giertz prepares the Flash Index for the University of Illinois Institute of Government and Public Affairs. He says the jump in the May reading largely reflects the improvement in the state’s economy since May of last year,  when the Flash Index hit a low point of 92.8. He says it doesn’t mean the Illinois economy has recovered to pre-pandemic levels. ....

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Dare we say: Optimism? | WTAX 93.5FM/1240AM


Photo: Saga Communications
There could be reason for optimism about the state’s economy.
The University of Illinois Flash index reads 96.3 to start February, up four tenths of a point from a month ago, and the study author, economics professor Fred Giertz, says things are looking up.
“In particular, the vaccinations are starting to have an impact, and there is also a very strong pent-up demand,” says Giertz. “But people have not had a chance to spend money, and the federal government is pumping a whole lot of money into the system. The Flash index is not a predictor of the future, but, I think at least in the near term, things are going to be quite a bit better.” ....

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