NWI Index: January 2017 Release

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Date

2017-01

Journal Title

Journal ISSN

Volume Title

Publisher

School of Business and Economics, Indiana University Northwest

Abstract

The Northwest Indiana Coincident Index grew by 0.5 points to 144.0 in January, an increase of 0.35%. Despite the slight upward revision of the end-of-quarter employment numbers, January saw approximately 5,000 jobs lost, as part of a typical seasonal trend. Counterbalancing this were continued growth in steel production (+7.7% month-over-month) and a 5.6% increase in retail sales from one year ago. Meanwhile, average manufacturing hours worked per week held steady over January at 41.9, having changed little over the previous year.

Description

Keywords

Coincident Index, Northwest Indiana Economy, Gary, Indiana, Lake County, Indiana, Porter County, Indiana

Citation

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

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Type

Technical Report