Illinois’s economy continues to show signs of slowing down… even as it continues to grow.
The University of Illinois Flash Index measures economic activity by studying several metrics, including corporate earnings, personal income, and sales taxes.
Any reading above 100 signals growth. After plunging at the start of the pandemic, the index rebounded to a reading of 106 in May of 2021.
After staying near that mark for a year, the index has been steadily slipping since May of 2022, and dropped to 103.1 in January.
U of I economists say it’s still not clear if the economy is headed for a “soft landing” or will continue to slide into recession.
