NWI Index: December 2015 Release

Arshanapalli, Bala; Pollak, Micah
Keywords: Coincident Index; Northwest Indiana Economy; Gary, Indiana; Lake County, Indiana; Porter County, Indiana
URI: https://hdl.handle.net/2022/20636
Date: 2015-12
Publisher: School of Business and Economics, Indiana University Northwest
Citation: School of Business and Economics, Indiana University Northwest (2015). Northwest Indiana Coincident Index: December 2015 Release
Series, #: 2015;12
Type: Technical Report

Abstract:

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%.

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