NWI Index: March 2017 Release

Pollak, Micah; Arshanapalli, Bala

Indiana University

NWI Index: March 2017 Release

Pollak, Micah; Arshanapalli, Bala

Keywords: Coincident Index; Northwest Indiana Economy; Gary, Indiana; Lake County, Indiana; Porter County, Indiana

URI: https://hdl.handle.net/2022/21985

Date: 2017-03

Publisher: School of Business and Economics, Indiana University Northwest

Citation: School of Business and Economics, Indiana University Northwest (YYYY). Northwest Indiana Coincident Index: MMM YYYY Release

Series, #: 2017;03

Type: Technical Report

Abstract:

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.

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