NWI Index: March 2016 Quarterly Summary
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School of Business and Economics, Indiana University Northwest
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Abstract
During the first quarter of 2016 the Northwest Indiana Coincident Index rose 1.1 points to 141.9, up 0.3 points from February. A rise in the index is typical in the first quarter of each year as part of a seasonal trend but this year’s growth was stronger than normal. While this is positive news, it follows a dismal fourth quarter in which the index fell 0.8 points. Overall the index is up almost two points from a year ago. Over the next six months, the forecast for regional economic growth has been upgraded to moderate growth of 1.5 points or slightly above 1%.
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2016;03
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Keywords
Coincident Index, Northwest Indiana Economy, Gary, Indiana, Lake County, Indiana, Porter County, Indiana
Citation
School of Business and Economics, Indiana University Northwest (2016). Northwest Indiana Coincident Index: March 2016 Quarterly Summary
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Technical Report