NWI Index: May 2014 Release

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Date
2014-07
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Publisher
School of Business and Economics or Indiana University Northwest
Abstract
In May 2014 the Northwest Indiana Coincident Index rose 0.6 points from 137.6 (revised up from 137.5) to 138.2, the largest single-month increase since February 2012. This strong growth continues the trend of expansion following the significant weather-related decline in the early months of 2014. The forecast for economic growth over the next six months remains optimistic with moderate growth of about 1-2%.
Description
The Indiana University Northwest School of Business and Economics developed the NWI Coincident Index to accurately gauge the dynamics of our region's economy. Think of it as a monthly “snapshot“ to measure our region's progress. Are we expanding? Contracting?
Keywords
Coincident Index, Northwest Indiana Economy, Gary, Indiana, Lake County, Indiana, Porter County, Indiana
Citation
School of Business and Economics or Indiana University Northwest (2014). Northwest Indiana Coincident Index: June 2014 Release
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Technical Report