NWI Index: May 2014 Release

Arshanapalli, Bala; Pollak, Micah
Keywords: Coincident Index; Northwest Indiana Economy; Gary, Indiana; Lake County, Indiana; Porter County, Indiana
URI: https://hdl.handle.net/2022/18473
Date: 2014-07
Publisher: School of Business and Economics or Indiana University Northwest
Citation: School of Business and Economics or Indiana University Northwest (2014). Northwest Indiana Coincident Index: June 2014 Release
Series, #: 2014;05
Type: Technical Report

Abstract:

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%.

Description:

The Indiana University Northwest School of Business and Economics developed the NWI Coincident Index to accurately gauge the dynamics of our region's economy. Think of it as a monthly “snapshot“ to measure our region's progress. Are we expanding? Contracting?

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