Northwest Indiana Coincident Index

Permanent link for this collectionhttps://hdl.handle.net/2022/18455

The Northwest Indiana Coincident Index was developed by the School of Business and Economics at Indiana University Northwest. The monthly release provides a snapshot of the health of the economy in the region and a forecast of growth over the next six months. For additional information about the Index please visit the School of Business and Economic's NWI Coincident Index page.

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NWI Index: March & April 2014 Release
(School of Business and Economics or Indiana University Northwest, 2014) Arshanapalli, Bala; Pollak, Micah
In April the Northwest Indiana Coincident Index rose 0.7 points from 136.8 to 137.5. This growth follows a similar 0.6 point increase during March. The improvement in the index over the last two months is primarily due to the regional economy recovering following the unusually severe weather conditions during January and February that slowed growth. The forecast for the index and the regional economy over the next six months remains optimistic with growth of about 1-2%.
NWI Index: January & February 2014 Release
(School of Business and Economics or Indiana University Northwest, 2014) Arshanapalli, Bala; Pollak, Micah
In February, the Northwest Indiana Coincident Index fell 0.5 points from 136.7 to 136.2. This decline follows a 0.6 point decrease in January. The two month fall in the index is primarily due to the unusually severe weather conditions during these months. Despite these declines, the forecast for the index over the next six months remains somewhat optimistic with weak growth of about 1-2%.
NWI Index: May 2014 Release
(School of Business and Economics or Indiana University Northwest, 2014-07) Arshanapalli, Bala; Pollak, Micah
In May 2014 the Northwest Indiana Coincident Index rose 0.6 points from 137.6 (revised up from 137.5) to 138.2, the largest single-month increase since February 2012. This strong growth continues the trend of expansion following the significant weather-related decline in the early months of 2014. The forecast for economic growth over the next six months remains optimistic with moderate growth of about 1-2%.
NWI Index: June 2014 Release
(School of Business and Economics or Indiana University Northwest, 2014-08) Arshanapalli, Bala; Pollak, Micah
In June the Northwest Indiana Coincident Index rose 0.4 points from 138.4 (revised up from 138.2) to 138.8. This growth continues a trend of expansion and recovery consistent with the national economy. The forecast for economic growth over the next six months remains optimistic with moderate growth of about 1-2%.
NWI Index: July 2014 Release
(School of Business and Economics or Indiana University Northwest, 2014-09-08) Arshanapalli, Bala; Pollak, Micah
In July the Northwest Indiana Coincident Index rose 0.2 points from 138.8 to 139.0. This growth continues a trend of expansion and recovery that is slower than the national economy. The forecast for economic growth over the next six months remains optimistic with moderate growth of 1-2%.
NWI Index: August 2014 Release
(School of Business and Economics or Indiana University Northwest, 2014-09-09) Arshanapalli, Bala; Pollak, Micah
In August the Northwest Indiana Coincident Index rose 0.3 points from 139.0 to 139.3. This growth continues a trend of expansion and recovery that is consistent with, but lagging behind slightly, the state and national economy. Due to overall weakness in the index and leading components, the forecast for economic growth over the next six months for the region has been downgraded to weak or no growth (less than 1% growth).
NWI Index: December 2014 Quarterly Summary
(School of Business and Economics or Indiana University Northwest, 2014-12) Arshanapalli, Bala; Pollak, Micah
The Northwest Indiana Coincident Index finished strongly in the fourth quarter, increasing by 1.0 point from its November level of 140.2. This is the second month of strong growth for the region after a stagnant third quarter. Despite these gains, the forecast for the regional economy over the next six months is for weak growth of about 1%.
NWI Index: January 2015 Release
(School of Business and Economics or Indiana University Northwest, 2015-01) Arshanapalli, Bala; Pollak, Micah
In January the Northwest Indiana Coincident Index fell 0.1 points. A decrease in employment, especially in the construction sector, due to the unusually poor weather in January was the main contributing factor.
NWI Index: February 2015 Release
(School of Business and Economics or Indiana University Northwest, 2015-02) Arshanapalli, Bala; Pollak, Micah
In February the Northwest Indiana Coincident Index fell 0.9 points primarily due to a sharp decline in steel production. The forecast for the regional economy over the next six months continues to be for weak to no growth.
NWI Index: April 2015 Release
(School of Business and Economics, Indiana University Northwest, 2015-06) Arshanapalli, Bala; Pollak, Micah
In April the Northwest Indiana Coincident Index remained stable at its March value of 139.9. The forecast for the regional economy over the next six months continues to be for 1-2% growth.
NWI Index: June 2015 Quarterly Summary
(2015-06) Arshanapalli, Bala; Pollak, Micah
The Northwest Indiana Coincident Index grew strongly during the second quarter of 2015, ending at a value of 140.8, up 0.3 points from last month and up 0.9 points from last quarter (+0.72%). Despite these gains, the index is only now returning to its start of the year level. The forecast for the regional economy over the next six months continues to be optimistic with moderate growth approaching 2%.
NWI Index: July 2015 Release
(School of Business and Economics, Indiana University Northwest, 2015-07) Arshanapalli, Bala; Pollak, Micah
In July the Northwest Indiana Coincident Index rose by 0.3 points to 141.1. This growth was driven primarily by an expansion of monthly steel production which increased by over 2% since June and by almost 9% since April.
NWI Index: May 2015 Release
(School of Business and Economics, Indiana University Northwest, 2015-07) Arshanapalli, Bala; Pollak, Micah
In May the Northwest Indiana Coincident Index rose by 0.6 points to 140.5. This growth was driven by a significant increase in employment in the region.
NWI Index: August 2015 Release
(School of Business and Economics, Indiana University Northwest, 2015-08) Arshanapalli, Bala; Pollak, Micah
In August the Northwest Indiana Coincident Index rose 0.3 points to 141.4, marking the fifth month in a row with positive growth. This growth was driven primarily by a turnaround in employment, which expanded by 1,600 after the last two months of sharp declines, while the remaining factors remained stable.
NWI Index: October 2015 Release
(School of Business and Economics, Indiana University Northwest, 2015-10) Arshanapalli, Bala; Pollak, Micah
In October the Northwest Indiana Coincident Index remained at 141.3. The index remains unchanged despite a 5% increase in steel production and the addition of 2,300 jobs, which returns employment to the level from the start of the year.
NWI Index: November 2015 Release
(School of Business and Economics, Indiana University Northwest, 2015-11) Arshanapalli, Bala; Pollak, Micah
In November the Northwest Indiana Coincident Index fell 1.3 points from 141.3 to 140.0. This decline was driven primarily by a 7% decrease in steel production for November. Monthly steel production has dropped by more than 1 million net tons (-16%) since the start of the year. The forecast for economic growth over the next six months weakened slightly to 0.7%.
NWI Index: December 2015 Release
(School of Business and Economics, Indiana University Northwest, 2015-12) Arshanapalli, Bala; Pollak, Micah
In December the Northwest Indiana Coincident Index fell 0.2 points from 141.0 to 140.8. This decline was driven by continued weakness in the steel industry as monthly steel production remained more than 1.1 million net tons (-16%) below last year. In addition, a slight decline in regional employment ends a four month trend of strong job growth. Despite this, the forecast for economic growth over the next six months remains unchanged at +0.7%.
NWI Index: January 2016 Release
(School of Business and Economics, Indiana University Northwest, 2016-01) Pollak, Micah; Arshanapalli, Bala
The year began with a sharp decline in employment that was offset by a large increase in steel production. In January the Northwest Indiana Coincident Index rose 0.6 points from 140.8 to 141.4. Regional employment fell by 9,200 jobs (-3.3%) while steel production rose by half a million net tons (+9.7%). The decline in employment is, in part, seasonal and is likely to rebound in the coming months.
NWI Index: February 2016 Release
(School of Business and Economics, Indiana University Northwest, 2016-02) Pollak, Micah; Arshanapalli, Bala
In February the Northwest Indiana Coincident Index continued its positive trend and rose by 0.2 points from 141.4 to 141.6. The region added back 1,100 jobs of the 9,200 that were lost in January. However, at the same time, about half of the gains in steel production in January were erased. The forecast for economic growth over the next six months was again adjusted up slightly to +0.9%.
NWI Index: March 2016 Quarterly Summary
(School of Business and Economics, Indiana University Northwest, 2016-03) Pollak, Micah; Arshanapalli, Bala
During the first quarter of 2016 the Northwest Indiana Coincident Index rose 1.1 points to 141.9, up 0.3 points from February. A rise in the index is typical in the first quarter of each year as part of a seasonal trend but this year’s growth was stronger than normal. While this is positive news, it follows a dismal fourth quarter in which the index fell 0.8 points. Overall the index is up almost two points from a year ago. Over the next six months, the forecast for regional economic growth has been upgraded to moderate growth of 1.5 points or slightly above 1%.