Illinois Economic Growth Edges Up in March as Flash Index Rises

CHICAGO – The University of Illinois Flash Index for March increased slightly to 102.4 from 102.2 in February. The Flash Index is the weighted average of Illinois growth rates in corporate earnings, consumer spending and personal income as estimated from receipts for corporate income, individual income, and retail sales taxes. These revenues are adjusted for inflation before growth rates are calculated. Any reading over 100 indicates economic growth.