Illinois’ economic growth rate held steady in November, according to the University of Illinois Flash Index. The economist who compiles the index says that’s good news after seven months of decline.
The Flash Index was at 103.7 for a second month in a row in November. The pause comes after the index fell from a peak of 106.1 in Marsh. The lower numbers mean the Illinois economy continues to grow, but at a slower rate. A number below 100 would indicate economic contraction.
U of I economist Fred Giertz compiles the Flash Index for the university’s Institute of Government and Public Affairs, based on Illinois tax receipts. He says corporate tax revenues were exceptionally strong in November, but that revenue from sales taxes and individual income taxes was strong as well.
“Both of those exceeded (revenues from November of) the…
