Index that tracks Illinois economy drops in November
Posted December 01, 2016 6:00 am
URBANA, Ill. (AP) - The University of Illinois says an index that measures economic growth across the state fell in November.
The university's Institute of Government and Public Affairs said Thursday that its Flash Index fell from 104.3 to 104.1. Any reading above 100 indicates the economy is growing while a reading below 100 shows contraction. November's drop was the third straight monthly decrease in the index.
The institute said corporate and sales tax receipts were down in November for reasons that are not completely clear.
The index has declined in five of the past six months even as the national economy enjoyed a strong third quarter.
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