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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Chancellor's Commission: The Northwest Indiana Coincident Economic Index, Presentation Slides
(School of Business and Economics, Indiana University Northwest, 2017-10-24) Pollak, Micah
Presentation slides from the Fall 2017 Chancellor's Commission on Community Engagement meeting on the topic of "The Northwest Indiana Coincident Economic Index."
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: April 2016 Release
(School of Business and Economics, Indiana University Northwest, 2016-04) Pollak, Micah; Arshanapalli, Bala
In April the Northwest Indiana Coincident Index continued the positive growth that began with the start of the year and rose by 0.3 points from 141.9 to 142.2. Since March the region added 4,200 new jobs, retail sales were strong and average manufacturing hours worked expanded. At the same time, uncertainty continues in the streel industry and steel production fell by 3% in April. The forecast for economic growth over the next six months remains at about 1%.
NWI Index: April 2017 Release
(School of Business and Economics, Indiana University Northwest, 2017-04) Pollak, Micah; Arshanapalli, Bala
The Northwest Indiana Coincident Index rose to 144.3 in April, an increase of 0.1 points (approximately +0.1%). Retail sales grew 0.3% this month, up 1% year-to-date and 4.5% from last April. Meanwhile, Northwest Indiana added roughly 100 jobs, bringing total employment in the region to about 278,900. Average weekly hours worked in manufacturing also grew modestly by 0.1 to 41.9, having changed little over the previous year. Steel production in the state fell by 59,000 net tones (-3.0%), however.
NWI Index: April 2018 Release
(School of Business and Economics, Indiana University Northwest, 2018-04) Pollak, Micah; Arshanapalli, Bala
In April the Northwest Indiana Coincident Index rose by 0.5 points to 146.3, following a strong month of March. The increase was driven by continued strong growth in employment (+1.1%) and retail sales (+0.4%) but slowed some by a decline in steel production (-5.6%). The forecast for economic growth over the next six months continues to remain stable at 1%.
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: 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: August 2017 Release
(School of Business and Economics, Indiana University Northwest, 2017-08) Pollak, Micah; Arshanapalli, Bala
The Northwest Indiana Coincident Index rose by 0.2 points in August to 145.1, an increase of 0.1%. Leading the components in growth was steel production which grew by 40,000 net tons (2.0%) to 2.059 million, up 9.6% year-to-date. Northwest Indiana lost approximately 100 jobs this month whereas retail sales fell slightly by less than 0.1%. Average weekly hours worked in manufacturing held steady at 42.0, up 0.2 from one year ago.
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: 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: December 2016 Release
(School of Business and Economics, Indiana University Northwest, 2016-12) Pollak, Micah; Arshanapalli, Bala
In December the Northwest Indiana Coincident Index grew by 0.3 points to reach 143.8. While third quarter employment gains were reversed as the region lost 2,400 jobs, this was offset by strong growth in retail sales (up over 4% from one year ago) and a 7% increase in monthly steel production. The forecast for economic growth over the next six months remains at about 1%.
NWI Index: December 2017 Release
(School of Business and Economics, Indiana University Northwest, 2017-12) Pollak, Micah; Arshanapalli, Bala
In December, the Northwest Indiana Coincident Index was 145.5, up 0.3 points from the previous month. This growth driven primarily an end-of-year increase in Indiana Steel Production, which rose by 25,000 tons (+1.39%). The forecast for economic growth over the next six months remains stable about 1%.
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: 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: February 2017 Release
(School of Business and Economics, Indiana University Northwest, 2017-02) Pollak, Micah; Arshanapalli, Bala
The Northwest Indiana Coincident Index remained 144.0 in February. Retail sales and employment fell slightly (-0.2% and –0.1%, respectively), which is typical for the season. Steel production in the state fell by approximately 160,000 net tons, a month-over-month change of –7.9% and unchanged from one year ago. Average weekly manufacturing hours, however, remained steady at 41.9, having changed little over the previous year.
NWI Index: February 2018 Release
(School of Business and Economics, Indiana University Northwest, 2018-02) Pollak, Micah; Arshanapalli, Bala
In February, the Northwest Indiana Coincident Index rose by 0.1 points to 145.6. This increase was driven by the first increase in employment for the region since October 2017, coupled with a small increase in average manufacturing hours worked (+0.7%). The forecast for economic growth over the next six months remains stable about 1%.
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: 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: 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: January 2017 Release
(School of Business and Economics, Indiana University Northwest, 2017-01) Pollak, Micah; Arshanapalli, Bala
The Northwest Indiana Coincident Index grew by 0.5 points to 144.0 in January, an increase of 0.35%. Despite the slight upward revision of the end-of-quarter employment numbers, January saw approximately 5,000 jobs lost, as part of a typical seasonal trend. Counterbalancing this were continued growth in steel production (+7.7% month-over-month) and a 5.6% increase in retail sales from one year ago. Meanwhile, average manufacturing hours worked per week held steady over January at 41.9, having changed little over the previous year.