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: June 2018 Release
(School of Business and Economics, Indiana University Northwest, 2018-06) Pollak, Micah; Arshanapalli, Bala
After consistently strong growth since the start of the year (+0.9% since December), the Northwest Indiana Coincident Index remained stagnant at a value of 146.5 in June. This lack of growth can be attributed primarily to a decline in steel production (-5.7%) and the first decline in employment (-0.4%) since the start of the year. However, the forecast for economic growth over the next six months continues to remain stable at 1%.
NWI Index: May 2018 Release
(School of Business and Economics, Indiana University Northwest, 2018-05) Pollak, Micah; Arshanapalli, Bala
Following two months of strong growth, the Northwest Indiana Coincident Index grew slower in May, increasing by 0.2 points to 146.5. The growth was driven primarily by the continued strong growth in employment (+1.4%) but offset by a decline in manufacturing hours worked (-0.7%). The forecast for economic growth over the next six months continues to remain stable at 1%.
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: March 2018 Release
(School of Business and Economics, Indiana University Northwest, 2018-03) Pollak, Micah; Arshanapalli, Bala
In March the Northwest Indiana Coincident Index rose by 0.4 points to 145.8. This increase was driven by strong growth in steel production (+11.3%) as well as an increase in employment (+1.1%) and retail sales (+0.8%). The forecast for economic growth over the next six months remains stable about 1%.
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 2018 Release
(School of Business and Economics, Indiana University Northwest, 2018-01) Pollak, Micah; Arshanapalli, Bala
In January, the Northwest Indiana Coincident Index remained stable at 145.5, unchanged from December. Regional employment fell by 7,300 (-2.6%) as part of a regular seasonal trend, however, this was offset as Indiana steel production rose by 43,000 net tons (+2.4%) The forecast for economic growth over the next six months remains stable 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: November 2017 Release
(School of Business and Economics, Indiana University Northwest, 2017-11) Pollak, Micah; Arshanapalli, Bala
The Northwest Indiana Coincident Index grew by 0.2 points in November to 145.8, a monthly change of +0.1%. Retail sales led in component growth, rising 0.9% over the month and 5.1% year-to-date. Average weekly hours worked in manufacturing held steady at 42.0. Steel production fell by approximately 41,000 net tons this month to 1.946 million, a month-over-month change of –2.1% but still up 8.5% from one year ago. Total employment in Northwest Indiana unexpectedly fell by 1,500 (0.5%) to 277,200.
NWI Index: October 2017 Release
(School of Business and Economics, Indiana University Northwest, 2017-10) Pollak, Micah; Arshanapalli, Bala
The Northwest Indiana Coincident Index was up in October, increasing 0.3 points (0.2%) to 145.6. All four components saw gains this month with steel production leading on a percentage basis, up 58,000 net tons (3.0%) to 1.987 million. Retail sales and regional employment were both up by around 0.7%, typical for the season. Total employment currently stands at 278,700. Average weekly hours worked in manufacturing rose again to 42.0 (a change of 0.1, or 0.2%), the same as one year ago.
NWI Index: September 2017 Release
(School of Business and Economics, Indiana University Northwest, 2017-09) Pollak, Micah; Arshanapalli, Bala
The Northwest Indiana Coincident Index grew in September by 0.2 points (0.1%) to 145.3. Retail sales and regional employment led among the components in month-over-month growth, rising by 2.0% and 0.7%, respectively, with total employment in Northwest Indiana currently at 276,700. Meanwhile, statewide steel production fell by 130,000 net tons to 1.929 million, a monthly change of –6.3%. Average weekly hours worked in manufacturing fell by 0.1 to 41.9, little changed from one year ago.
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: July 2017 Release
(School of Business and Economics, Indiana University Northwest, 2017-07) Pollak, Micah; Arshanapalli, Bala
The Northwest Indiana Coincident Index grew to 144.9 in July, an increase of 0.2 points (0.1%). Steel production in the state rose by 49,000 net tons to 2.019 million, a month-over-month change of +2.5%. Retail sales were up roughly 0.5% this month, while the average weekly hours worked in manufacturing held steady at 42.0. However, the region lost approximately 6,400 jobs (-2.3%), due in part to regular seasonal fluctuations.
NWI Index: June 2017 Release
(School of Business and Economics, Indiana University Northwest, 2017-06) Pollak, Micah; Arshanapalli, Bala
The Northwest Indiana Coincident Index rose 0.2 points in June to 144.7, an increase of approximately 0.1%. Average weekly hours worked in manufacturing increased by 0.1 to 42.0. Retail sales and employment in the region each fell by approximately 0.1% in June, the latter dropping by 200 jobs to roughly 281,400. Steel production meanwhile declined 31,000 net tons this month (-1.5%) to 1.97 million.
NWI Index: May 2017 Release
(School of Business and Economics, Indiana University Northwest, 2017-05) Pollak, Micah; Arshanapalli, Bala
The Northwest Indiana Coincident Index grew to 144.5 points in May, an increase of 0.2 (+0.1%). Steel production in the state rose by 61,000 net tons, approximately +3.1% month-over-month. Employment in Northwest Indiana continued to grow, adding roughly 2,700 jobs this month (+1.0%) as is typical for the season. Retail sales and average weekly hours worked in manufacturing remained largely unchanged in May, the latter holding steady at 41.9, the same as one year ago.
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: March 2017 Release
(School of Business and Economics, Indiana University Northwest, 2017-03) Pollak, Micah; Arshanapalli, Bala
The Northwest Indiana Coincident Index grew by 0.2 points over March to 144.2, an increase of 0.01%. Steel production grew by approximately 136,000 net tons in March, a month-over-month increase of 7.3%. Retail sales rose a modest 0.1%, up 4.8% from one year ago and 0.7% year-to-date. Northwest Indiana added roughly 2,500 jobs over the month (roughly +0.9%), typical for the season. Average weekly manufacturing hours dipped slightly by 0.1 to 41.8, largely unchanged from one year ago.
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: 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.
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: 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%.