Weather to Blame for Slowed Economic Growth in Illinois

URBANA (AP) -- Illinois' economic growth slowed in February and a University of Illinois economist says weather is most like to blame.

The university says that its monthly Flash Index dropped in February to 106.8 from 107.2 a month earlier. A reading above 100 indicates the economy is growing while anything below 100 indicates contraction.

Harsh winter weather last month may have slowed the state's economy but Illinois will have to chance to play catch-up in March.

Even with February's slowdown the state's economy continues to grow at a modest, steady pace.

The Flash Index tracks corporate earnings, consumer spending and personal income to measure the performance of the state's economy.




 
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