NWI Index: July 2016 Release

Pollak, Micah; Arshanapalli, Bala
Keywords: Coincident Index; Northwest Indiana Economy; Gary, Indiana; Lake County, Indiana; Porter County, Indiana
URI: https://hdl.handle.net/2022/20979
Date: 2016-07
Publisher: School of Business and Economics, Indiana University Northwest
Citation: School of Business and Economics, Indiana University Northwest (2016). Northwest Indiana Coincident Index: July 2016 Release
Series, #: 2016;07
Type: Technical Report

Abstract:

In July the Northwest Indiana Coincident Index grew for the seventh straight month in a row, rising by 0.2 points from 142.9 to 143.1. While regional employment continued to decline, falling by a total of 6,100 jobs (-2.2%) across June and July, this is a typical seasonal trend. Other factors in the index grew strongly with steel production up 4.2% and average manufacturing hours at its highest value since spring 2015. The forecast for economic growth over the next six months remains at about 1%.

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